California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CARGO Biotech Leases 100K SF with Alexandria in San Carlos
Alexandria Real Estate Equities, Inc. said Thursday it had executed a long-term lease with CARGO Therapeutics for 99,557 square feet at 835 Industrial Road on the Alexandria Center for Life Science – San Carlos campus. CARGO anticipates occupying the mission-critical life science space in early 2024.
CARGO, which raised approximately $291 million in its IPO last month, is a clinical-stage biotechnology company focused on advancing its platform technologies and a pipeline of potentially curative, next-generation cell therapies that could lead to better outcomes for cancer patients. The IPO beat CARGO’s target of $281.3 million, according to published reports.
Pasadena-based Alexandria didn’t identify any leasing professionals on either side of the transaction. The San Carlos campus currently has nearly 737,000 square feet in operation.
- ◦Lease


