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5/28/20
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Armata Pharmaceuticals (Armata), a clinical-stage biotechnology company, has renewed its lease for 35.5k sf of space at 4503 Glencoe Ave, within the Marina Business Center in Marina Del Rey. Armata, formerly C3 Jian, is focused on the development of precision-targeted bacteriophage therapeutics for the treatment of drug-resistant bacterial infections.
Marina Business Center consists of two buildings totaling 280k sf. Marina Business Center I, containing 125k sf, was built in 1984, while Marina Business Center II contains 155k sf and was built in 1985. Both buildings were renovated in 2003. The complex is in the Silicon Beach submarket of Marina Del Rey, which is home to such well-known companies as Knotel, Tesla, Thrive Market, Sony and HBO.
Tim Dwight and Caleb Hodge with Stream Realty Partners represented Armata in the deal. Chris Strickfaden of NKF repped the landlord. Terms of the deal were not disclosed.
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