Aragen Expands with New 10-Year Lease
Aragen Bioscience is set for a major expansion at its Morgan Hill location, a move facilitated by a long-term relationship with Toeniskoetter Development, Inc. Aragen and Toeniskoetter just inked a deal signaling a 10-year commitment to eventually occupy the entire 27,580 square-foot space located at 380 Woodview Avenue in Morgan Hill.
Founded locally, Aragen has been a Toeniskoetter client since 2007. In the near term, Aragen’s Morgan Hill location will see a 10,000 square-foot expansion, including upgrades to the existing facility as well as building out new additional space. Upgrades, undertaken by Toeniskoetter Construction, will include expanded testing facilities, with additional labs to be constructed in the new space.
“We’re satisfied anytime we can work with clients over the long-term to accommodate their evolving real estate needs” says Toeniskoetter Development’s Executive Vice President Dan Amend. “Our priority is ensuring that transitions necessitated by a company’s growth or evolution are as seamless as possible.”
The company is a contract scientific research organization that has seen years of steady growth. In 2014, it was acquired by GVK BIO, a large Indian conglomerate with a diversified global portfolio, setting the stage for even further expansion. Aragen’s success has played a key role in Morgan Hill’s continued economic development.