Allogene Therapeutics Inc. will lease 118,000 square feet in Newark for a facility to make off-the-shelf, ready-to-use cell therapies for a range of diseases.
The South San Francisco-based company (NASDAQ: ALLO) said Wednesday that it leased a full building in Gateway 84, a three-building, 23-acre complex under development by a joint venture of Panattoni Development Co. and Clarion Partners at 7300 Gateway Blvd. It initially will pay $16.20 a square foot for the lease, increasing 3 percent annually over the term of 15 years and eight months.
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