Subscribe
Home Finance Global Net Lease Takes 21,000 SQFT Labcorp Lab at 1031 Bing Street in San Carlos From Modiv Industrial for About $22.7MM
FinanceINDUSTRY newsLife Science

Global Net Lease Takes 21,000 SQFT Labcorp Lab at 1031 Bing Street in San Carlos From Modiv Industrial for About $22.7MM

November 7, 20264 Mins read16
Share
microscope
Getty Images For Unsplash+
Share

A 20,800-square-foot Labcorp research facility at 1031 Bing Street in San Carlos changed hands from Modiv Industrial to Global Net Lease at roughly $1,091 per square foot, one piece of a $535 million all-stock REIT merger that closed in August as the Peninsula's R&D market struggled with vacancy above 25 percent.

Thank you for your interest in The Registry. If you'd like to read further, you must Subscribe or Log In below to read the rest of this content.

Share
getty-images-dniHwZrgFW8-unsplash-retail shopping Previous post Bay Area Power Center Occupancy Hits 94.52% as East Bay Leads Q3 Leasing Gains

Partner Content

Artisan Crossing, a four-story mixed-use building with ground-floor retail and a rooftop pavilion, seen at dusk behind a circular wood-deck plaza with curved concrete benches.

From Lease Up to Stabilization

ByNovember 6, 2026

2026 Northern California CRE Rising Stars

NorCal rising stars 2026

Partner Content

Hacienda sign in Pleasanton

Hacienda Edges Vacancy Below 18% as Pleasanton Campus Builds Momentum Into Year-End

ByOctober 21, 2026


Recent Posts

Aerial view of San Carlos and Redwood Shores; East Bay and Mount Diablo in the background; houses visible on the hills and close to the shoreline; office buildings built close to downtown San Carlos

Office Properties Income Trust Sells 63,000 SQFT 100 Redwood Shores Parkway in Redwood City for $16.5MM, 64% Below Assessed Value

ByNovember 7, 2026
marcin-jozwiak-pIggrKoQ4Hc-unsplash-warehouse

LBA Logistics Pays $15MM for 52,000 SQFT Industrial Building in Union City

November 7, 2026
spencer-demera-PfAS76IpS2E-unsplash-tri-valley pleasanton

The Atrium, 74,000 SQFT Multi-Tenant Pleasanton Office Near BART, Hits Market for $15MM

November 7, 2026
Image of a manufacturing machine

Undisclosed Tenant Signs 154,000 SQFT R&D Lease at 2020-2040 Williams Street, East Bay’s Largest of Q3, in San Leandro

November 7, 2026
getty-images-dniHwZrgFW8-unsplash-retail shopping

Bay Area Power Center Occupancy Hits 94.52% as East Bay Leads Q3 Leasing Gains

November 7, 2026
Related Articles
Aerial view of San Carlos and Redwood Shores; East Bay and Mount Diablo in the background; houses visible on the hills and close to the shoreline; office buildings built close to downtown San Carlos
CommercialFinanceINDUSTRY news

Office Properties Income Trust Sells 63,000 SQFT 100 Redwood Shores Parkway in Redwood City for $16.5MM, 64% Below Assessed Value

A restructured Office Properties Income Trust has unloaded a mostly empty four-story...

ByNovember 7, 2026
3180 18TH ST San Francisco rendering at dusk
CommercialFinance

37,000 SQFT Pioneer Building, Exa’s HQ and Former Home of Stripe, OpenAI and xAI, Hits Market in San Francisco

The three-story 1902 trunk factory at 3180 18th St. that served as...

ByNovember 7, 2026
marcin-jozwiak-pIggrKoQ4Hc-unsplash-warehouse
FinanceIndustrialINDUSTRY news

LBA Logistics Pays $15MM for 52,000 SQFT Industrial Building in Union City

LBA Logistics paid $15 million, or about $286 per square foot, for...

ByNovember 7, 2026
Image of a manufacturing machine
CommercialIndustrialINDUSTRY newsLeasing

Undisclosed Tenant Signs 154,000 SQFT R&D Lease at 2020-2040 Williams Street, East Bay’s Largest of Q3, in San Leandro

An unnamed occupier has committed to 154,000 square feet of research and...

ByNovember 7, 2026
© Copyright 2024 Jellywp. All rights reserved powered by Jellywp.com