May 20, 2020
Stream Realty Partners handled the 35,453-square-foot renewal of Armata Pharmaceuticals in the Marina Business Center in Marina del Rey. The clinical-stage biotechnology company, formerly C3 Jian, develops precision-targeted bacteriophage therapeutics for the treatment of drug-resistant bacterial infections.
Stream’s Tim Dwight and Caleb Hodge negotiated the deal in what they note is the largest biotech office lease in West LA’s commercial real estate market thus far in 2020.
Dwight says, “Considering the current market environment, we had to ensure the decision to stay or relocate fit their overall growth strategy. It allows them to attract seasoned scientists with extensive clinical development experience, and further their game-changing research and solution advancements.”
Armata’s location is in the Silicon Beach submarket of Marina del Rey, and home to such well-known companies as Knotel, Tesla, Thrive Market, Sony and HBO.
Stream’s Martin Pupil says, “This renewal has tremendous upside for our client, and I couldn’t be any prouder of our team’s effort on their behalf.”
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