BioCube incubator signs lease in San Jose
SAN JOSE >> San Jose Biocube, an incubator dedicated to life sciences companies, has leased a big chunk of space in north San Jose.
The life sciences incubator leased 35,000 square feet at Biosquare Silicon Valley in San Jose, according to JLL, a commercial real estate firm.
The leasing deal in a building at 2680 Zanker Road in north San Jose kicks off what the property owner and brokers hope will become the first project in Silicon Valley that is dedicated to life sciences enterprises.
“This is a good day for biotech companies seeking experimental lab space, operational support, and a vibrant community,” said Tony Gonzalez, chief executive officer of life sciences incubator BioCube.
The lease takes up a portion of the seven- building Biosquare Silicon Valley, which consists of seven buildings totaling 475,000 square feet. David Klein, a broker with Transwestern, a commercial real estate firm, arranged the lease on BioCube’s behalf.
The transformation of Biosquare Silicon Valley into a life sciences project will be led by PCCP, a real estate firm that is the prin
cipal property owner and financial partner for the project, Blue Rise Ventures, the project’s developer, and JLL, a commercial real es
tate firm that is the leasing agent for the complex.
Blue Rise Ventures was one of the key players in the creation of The Research
Park, a life sciences campus on the East Bay island city of Alameda.
“At BioSquare Silicon Valley, we see an opportunity to create an ecosystem similar to the one we have created at The Research Park at Marina Village,” said Dan Poritzky, a senior partner at Blue Rise Ventures. “Kicking it off with one of the best incubators in the Bay Area, San Jose Biocube, is an exciting way to start.”
JLL brokers Mark Bodie, Toss Vallentine, and Chris Owusu will seek tenants at Biosquare Silicon Valley. JLL completed numerous leases at the Alameda life sciences park.
“With this new expansion, we’re redoubling our commitment to the life-science start-up economy in Silicon Valley,” Gonzalez said.
Construction on the project to create new life sciences spaces in Biosquare Silicon Valley is slated to begin in early 2021.
The existing space will be converted to biological and chemistry laboratories.
“This converted space will be able to encapsulate the full ecosystem of life science users; small, medium, and large tenants, all while providing companies with room for growth,” the real estate executives said in a prepared release.