California + Bay Area + Healthcare | September 14, 2023

Menlo Equities, Beacon Capital Launch San Carlos Life Science Build

Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a 240,000-square-foot life science building in the burgeoning life science market of San Carlos. Located at 405 Industrial Rd. alongside Highway 101, Portal 405 is slated for completion in late 2024.

Portal 405 will be a six-story building within walking distance of the San Carlos Caltrain Station and downtown San Carlos. The building has been designed with flexibility in mind: it is 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.

“San Carlos is an important and prominent life science hub, and we look forward to complementing the existing ecosystem with a new state-of-the-art facility that will attract forward-thinking life science users,” said Rick Holmstrom, managing partner of Menlo Equities.

Mike Moran of CBRE and Clarke Funkhouser of Cushman & Wakefield are the exclusive marketing and leasing agents for the project.

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.

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CBRE's MoranCushman & Wakefield's Funkhouser

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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