Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a 240,000-square-foot life science building in the burgeoning San Carlos life science market. Located at 405 Industrial Rd. alongside Highway 101, Portal 405 is slated for completion in late 2024.
Designed with flexibility in mind, the six-story building will be right sized for a single tenant’s headquarters location or can accommodate multiple tenants with its expansive floorplates and flexible core according to Menlo Equities and Beacon Capital. It is also within walking distance of the San Carlos Caltrain Station and downtown area making it an attractive option for forward thinking life science users looking to establish their presence there.
Rick Holmstrom, managing partner of Menlo Equities commented: “San Carlos is an important hub within this sector so we are excited about complementing its existing ecosystem with our new state-of-the art facility.” Mike Moran from CBRE as well as Clarke Funkhouser from Cushman & Wakefield are acting as exclusive marketing agents for this project respectively .
