Property Types Office
Pharmaceutical Firm Leases 40,000SF at 600-Acre Business Park
July 3, 2008

KaloBios Pharmaceutical has snagged 40,000 square feet at 260 East Grand Avenue in South San Francisco, Calif. for its new headquarters location. Located within the 600-acre Point Grand Business Park, one of the San Francisco Bay Area's top life science building enclaves, the building consists of 20,000 square feet of laboratory and support space, 19,000 square feet of office space and 9,000 square feet of warehouse space. The private monoclonal company will occupy 26,000 square feet of the building and will sublet the remaining 14,000 square feet of laboratory and office space with the assistance of  Jones Lang LaSalle, which also orchestrated the lease agreement. KaloBios is scheduled to make the move to its new home this month.


 
Recent Office Headlines
AIG 70 pine st smal AIG Headquarters Sale Makes Splash in Quiet Manhattan Investment Market
June 10, 2009
With rumors circulating of a sale price around $100 per square foot, the sale of the 66-story American International Group headquarters in Lower Manhattan likely set the bar for the biggest sale in the area market thus far in 2009.
Despite Office Market Slump, 1M-SF Connecticut Office Campus Trades in $72M Deal
June 09, 2009
It's an office trade of such a size that has not been seen in Connecticut, no less challenged by job losses and economic malaise than most other markets, in quite a while. Matrix Connecticut L.L.C. has just taken over ownership of the 1 million-square-foot Danbury Corporate Center in Danbury, Conn., from GERA Danbury L.L.C. in a $72.4 million merger transaction. The deal is a coup for Connecticut, as well as its neighbors, as it marks the largest multi-tenant office transaction in the suburban New York Tri-State area so far this year.
Tokyo is Priciest Market as Climate Favors Office Tenants Worldwide: CBRE
June 08, 2009
Tenants have the edge in most of the world’s major office markets, concludes an analysis by CB Richard Ellis Inc. Class A rents are sliding dramatically and vacancy is ticking upwards in nearly every region, according to the study published last week.
 
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