SJ BioCube Prepares Seven New State-of-the-Art Wet Labs For 2021 Occupancy
June 09, 2020
SAN JOSE, CA – Transwestern Real Estate Services (TRS) announces the expansion of San Jose BioCube to the second floor of its current headquarters at 5941 Optical Court in San Jose, California. The new space provides the thriving biotechnology incubator the capability to offer another seven life sciences startups lab space, along with the peak amenities and networking opportunities of a co-working environment. Transwestern Senior Vice President David Klein provides tenant advisory services to SJ BioCube.
In taking over the full building for a total of 68,521 square feet, BioCube’s Managing Director Tony Gonzalez and Facilities Director Oscar Battaglia are designing a new break area and dining room on the first floor that will open up to outdoor space, along with an upstairs café and lounge to rival any top retailer. Moving its current incubator upstairs, BioCube will, for the first time, offer custom-built lab space to mid-stage biotechnology companies throughout the first floor.
“It is Important to devise a community and social outlet as we work to foster and grow the startups we work with,” said Gonzales. “We’re using a ‘Funnel and Flow’ approach in the design and increasing common amenity space by 5% to meet or exceed current industry trends.”
Demand could not be higher than it is now, with increased need for COVID-19 testing and vaccine research, making SJ BioCube’s expected first quarter availability a welcome benefit for the industry. Designed with the latest social distancing needs in mind, the space will be ideal for companies in a wide range of biotechnology research and development, including chemistry, therapeutics, medical devices, diagnostics, COVID-19 testing, healthcare, supplies, pharmaceuticals and oncology.
“Today, the life sciences incubator submarket is the most in-demand sector in the Bay Area,” said Klein. “While estimates peg demand at approximately 6 million square feet of incubator space, the current inventory of 750,000 square feet is consistently 100% leased with waiting lists. We wanted to help fulfill lab space needs because when researchers have a space to hatch new ideas, we all win.”
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.
About BioCube
In everything we do, we believe in making the world a better place for innovators by providing user-friendly workspaces, modern labs and common areas that are as clean and safe as they are beautifully designed and maintained. We thrill at providing care and all the little things that help accelerate and commercialize profound discoveries. Located in South San Jose, the original BioCube incubator is already home to some of the most dynamic early-stage companies that are pushing the limits of life sciences. Website: http://sanjoseBioCube.com/.
Media Contact:
Sasha Warren
415.489.1839
Sasha.warren@transwestern.com
twmediarelations@transwestern.com