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6/22/22
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Terray Therapeutics Inc signed a lease for 49k sf of lab/office space at Monrovia Technology Campus, located at 750 and 800 Royal Oaks Dr in Monrovia. Terray Therapeutics, a biotechnology company propelling drug discovery into the information age, will occupy 37.8k sf of lab space and 11.2k sf of office space. The lease marks another landmark biotech transaction in the greater Los Angeles region.
Terray Therapeutics will be relocating from its 7.5k sf space within the Alexandria Innovation Center in Pasadena, nine miles from its new location. It will move into its new office space in August, 2022 and will occupy the lab space in early 2023.
Ted Simpson with Avison Young represented the tenant. The landlord, Samuelson & Fetter LLC, was repped by Shadd Walker with Colliers.
“This new space is the next step in our mission to propel drug discovery into the information age to bridge the gap between discovery and treatment,” said Jacob Berlin, PhD, Chief Executive Officer of Terray Therapeutics. “Building on the momentum of our recent $60 mil Series A financing, our dedicated laboratory and office space will support our growing team, expand our discovery capabilities and further accelerate our generation of premium chemical data at unrivaled scale.”
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