A Fresh Take on CRE

Bay Area Weekly Comp Digest: Eon Silicon Solutions Renews, Hertz Rental Car Signs New Lease, and More!

Every Wednesday, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
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Santa Clara: Eon Silicon Solutions Renews!

A company that specializes in fabless semi-conductor memory has recently decided to stay in its 4,700 SQFT of class B office space at 4655 Old Ironsides Drive.  Eon will pay rent to Pearlman Properties starting at abut $1.70 PSF for the 5-year lease term.  
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Redwood City:  Rent a Car at 2601 El Camino Real!  Hertz Rental Car, with locations in over 80 countries, signed a new lease last month for about 1,300 SQFT of retail space.  The company will pay rent starting around $2.60 PSF for a lease term of 5 years, with 3% annual escalations.   Get the Hertz Rental Car comp  
 
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Oakland: Itron Renews at 1111 Broadway

Itron, a global technology company that provides solutions that help utilities providers measure usage, just recently commenced its renewal of nearly 25,000 SQFT of class A office space in the Oakland City Center.  The company agreed to rent starting in the low-$3.00s for the 6-year, 5-month lease term with 2 months of free rent for the full-service space.   Get the Itron comp