Terray Therapeutics

750 E Royal Oaks Dr, Monrovia, CA | 50,000 RSF

The Challenge

We we first began representing Terray, they were a new company hatched from Cal Tech and City of Hope and resided at Alexandra Innovation Center, an incubator for life science companies in Pasadena (currently 100% leased).

• Raised significant venture capital

• Needed a large wet lab for cutting-edge drug development business

• Wanted to stay in the Pasadena area to support existing employees’ commutes

• Only labs being built in LA County are in Thousand Oaks and West LA or downtown

Strategy & Approach

• Convert the top floor in high-rise buildings to lab space

• Extensive mechanical plumbing and electrical engineering studies and solutions (lab space best on 1-story buildings)

• The BAM Architecture and Alfa Tech team completed studies of two buildings that could be converted into labs

• Both landlords are willing to take the risk of an early-stage company

Client Results

• Knowledge of vacating water treatment company in neighboring Monrovia

• Move-in ready lab and only two months to build out office portion

• Short lease term provides flexibility

• Tenant’s credit easy for landlord due to lack of capital
  

  “Our new dedicated laboratory and office space will support our growing team, expand our discovery capabilities,
  and further accelerate our generation of premium chemical data at an unrivaled scale.”
  - Jacob Berlin, CEO, Terray Therapeutics