New Life Sciences Campus Planned for California’s Bay Area

California’s Bay Area has been one of the largest biotech hubs in the world, and as such, available space has become an issue for startups and smaller companies. A new life sciences development in San Carlos, California will provide some needed elbow room.

Presidio Bay Ventures partnered with Kinship Capital to acquire a piece of property in the Northern California city to redevelop into a space for the life sciences industry. According to Presidio Bay Ventures, a commercial real estate development firm, the property located at 777 Industrial Road will be redeveloped into a 123,000-square-foot Class A life sciences building with high-quality materials and cutting-edge functionality. San Carlos is home to companies like Alkahest, Paramune and ChemoCentryx, Inc.