Palo Alto, CA – Longfellow Real Estate Partners, the largest privately held investor and developer of life science buildings in the US, announced today it has secured tenants for over 45,000 square feet of space in its Palo Alto Labs campus, located just five minutes from Stanford University. With the newest set of companies set to move in, the firm’s first round of speculative labs are now fully leased.
Headlining the lease activity at Palo Alto Labs are companies Gator Bio, Delfi Diagnostics, and Rarebase which will be occupying 21,874 square feet, 17,977 square feet, and 5,985 square feet, respectively.
Gator Bio is a Silicon Valley biotech company with a mission to move science and medicine forward, faster. Delfi Diagnostics, a pioneering developer of a new class of high-performance, affordable liquid biopsy tests for early cancer detection, is based in California and Maryland.
Rarebase is a public benefit precision medicine company that leverages cutting-edge
technology and biology to discover and develop treatments for the millions of people worldwide living with a rare disease.
“We are thrilled to welcome these companies to our Palo Alto Labs campus,” said Longfellow Managing Director of Leasing Neill Sherron. “Palo Alto has long been a magnet for innovative companies, institutions, and talent – Longfellow is proud to provide the space necessary for their continued life-changing work.”
Palo Alto Labs, which was acquired by Longfellow in July 2019, is a ten building, 250,000+ square foot campus located at 1800-1850 Embarcadero Road and 2445-2465 Faber Place. The campus is located just minutes from Stanford University, Stanford Research Park, Highway 101, and the Palo Alto Caltrain stop for easy access. The campus also houses Stanford Medical as one of its key existing tenants.
Longfellow has implemented its proprietary services and amenities package, Elevate, into the Palo Alto Labs space, which aims to redefine the workplace with a fully personalized and curated experience for its tenants. While the Elevate service varies from development to development, Palo Alto Labs features an on-site gym, training room, open café concept for pop up vendors, and an additional outdoor space complete with seating by the pond and firepit.
“With the addition of these tremendous companies to Palo Alto Labs, we continue to see the campus, and region, attract the very best in the life science and biotech fields,” said Longfellow Managing Director Lauren McDermott. “Our firm is looking forward to meeting the demands of the market with our world-class space, collaborative approach, and integrated services.”
The Bay Area continues to be one of the most active markets for Longfellow as the firm develops life science clusters throughout the region, including key projects in Redwood City, Emeryville, Millbrae, San Mateo, and the Mission Bay neighborhood of San Francisco. In addition to the Bay Area, Longfellow has spearheaded life science projects in key markets such as Boston-Cambridge, New York City, San Diego, Research Triangle of North Carolina, and the United Kingdom.
About Longfellow Real Estate Partners
Longfellow Real Estate Partners is the largest private life science real estate services firm in the United States. The firm’s portfolio spans more than 14.5 million square feet of laboratory and technology space, concentrated in the nation’s top markets for bio-innovation on both coasts including Boston-Cambridge, New York City, San Diego, San Francisco, and the Research Triangle of North Carolina along with the firm’s recent expansion to the United Kingdom.
Longfellow acquires and develops facilities in strategic locations and builds long-term relationships with research-centric organizations including life science companies, universities, medical centers, and research institutes. The firm’s institutional capabilities and entrepreneurial vision enables Longfellow to deliver high quality laboratories and innovation space while satisfying each customer’s unique requirements.