ExpansionJun 29, 2026, 04:12 PM
BillionToOne leases 62,659 sq ft lab space for oncology expansion
AI Summary
BillionToOne, Inc. has entered into a 12-year lease agreement for approximately 62,659 square feet of office and laboratory space in Union City, CA. This expansion is intended to provide additional laboratory capacity, specifically for oncology products, and will triple the company's current oncology-dedicated lab space. The new facility will expand BillionToOne's total facility space by about 16% and is anticipated to commence around August 1, 2027. The aggregate base rent over the term is approximately $46.7 million, with the landlord providing a 12-month rent abatement and a tenant improvement allowance of up to $12.5 million.
Key Highlights
- Leased 62,659 sq ft of office and laboratory space at 3260 Whipple Road, Union City, CA.
- Space dedicated to oncology products, tripling current oncology-dedicated laboratory space.
- Expands the Company's total facility space by approximately 16%.
- Lease commences around August 1, 2027, with an initial term of 12 years.
- Aggregate base rent payments total approximately $46.7 million over the term.
- Landlord provides a 12-month rent abatement period and up to $12.5 million tenant improvement allowance.
- A security deposit of $407,910 is payable upon signing the Lease.
Price Impact
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