{"id":1004680599,"date":"2023-09-18T04:04:39","date_gmt":"2023-09-18T12:04:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004680599"},"modified":"2023-09-19T10:03:02","modified_gmt":"2023-09-19T18:03:02","slug":"menlo-equities-beacon-capital-break-ground-on-bay-area-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/menlo-equities-beacon-capital-break-ground-on-bay-area-project\/","title":{"rendered":"Menlo Equities, Beacon Capital Break Ground on Bay Area Project"},"content":{"rendered":"
\"Portal<\/a>

Portal 405 is rising at 405 Industrial Road in San Carlos, Calif. Image courtesy of Menlo Equities and Beacon Capital Partners<\/em><\/p><\/div>\n

Menlo Equities<\/strong> and Beacon Capital Partners<\/strong> have started construction on their latest Bay Area project. The two firms broke ground on Portal 405, a six-story life science building in San Carlos, Calif., that is scheduled for completion in late 2024.<\/p>\n

The developers tapped RMW<\/strong> as the project\u2019s architect, while CBRE<\/strong>\u2019s Mike Moran and Cushman & Wakefield<\/strong>\u2019s Clarke Funkhouser will be tasked with marketing and leasing the property.<\/p>\n

Portal 405 has been designed to accommodate either a single tenant or multiple users, as the space can be divided into approximately 60,000-square-foot floorplates. The 240,000-square-foot property will include four floors of lab and office space, with two levels of above-grade parking. Portal 405 will also feature two levels of underground parking and a lobby on the ground floor that will have bike storage, restrooms with showers and lockers and tenant amenity areas that can accommodate a fitness center and caf\u00e9. The building will also have a rooftop terrace that can be used as an outdoor work or event space.<\/p>\n

\n

READ ALSO<\/strong>: Life Science Assets Outperform Despite Slowing Economy<\/a><\/p>\n

\n

Located at 405 Industrial Road, Portal 405 has visibility and nearby access to Highway 101 and is also within walking distance to the San Carlos Caltrain station. The building is located across the highway from the San Carlos Airport, but also within walking distance to downtown San Carlos and its many retail and restaurant options.<\/p>\n

Menlo Equities\u2019 Bay Area projects<\/h2>\n

As a vertically integrated firm, Menlo Equities has been an active developer in the northern California market for more than two decades. Besides Portal 405, the firm is working on two additional office and life science developments in the region, that are currently in the early planning stages.<\/p>\n

Menlo Equities has also developed 3333 Scott Blvd., a 244,906-square-foot six-story office building<\/a> in Santa Clara, Calif. Preylock Real Estate Holdings acquired the asset in June 2023 for $182.5 million. In late 2021, Menlo Equities sold The Campus at South County<\/a>, a 210,083-square-foot office complex in the Foothill Ranch neighborhood of Orange County, Calif., for $50 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

A six-building office and life science building will soon rise in San Carlos, Calif.<\/p>\n","protected":false},"author":883,"featured_media":1004680667,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21742,21747,1609,15],"tags":[34128,32789,32799,33084],"class_list":["post-1004680599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-latest","category-office","category-san-francisco","category-west","tag-beacon-capital-partners","tag-cbre","tag-cushman-wakefield","tag-menlo-equities"],"acf":[],"yoast_head":"\nMenlo Equities, Beacon Capital Break Ground on Bay Area Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a life science building in San Carlos, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-beacon-capital-break-ground-on-bay-area-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Menlo Equities, Beacon Capital Break Ground on Bay Area Project\" \/>\n<meta property=\"og:description\" content=\"Menlo Equities and Beacon Capital Partners have broken ground on Portal 405, a life science building in San Carlos, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-beacon-capital-break-ground-on-bay-area-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-18T12:04:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-19T18:03:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/09\/405_Industrial_Building.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"795\" \/>\n\t<meta property=\"og:image:height\" content=\"610\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-beacon-capital-break-ground-on-bay-area-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/menlo-equities-beacon-capital-break-ground-on-bay-area-project\/\",\"name\":\"Menlo Equities, Beacon Capital Break Ground on Bay Area Project - 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