A Fresh Take on CRE

Bay Area Weekly Comp Digest: Vistagen Theraputics Signs New Lease, Cenergy Solutions Renews, and More!

Every week, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.

   
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VistaGen Therapeutics Signs New Lease in South SF

The biotech company applying human pluripotent stem cell technology for drug rescue, predictive toxicology, and drug metabolism screening recently signed a new lease for 10,000 SF of research & development space at 333 Allerton Avenue.  VistaGen agreed to pay rent starting in the mid-$2.40s with 3% bumps for the 5-year lease term.




   
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Cenergy Solutions Renews in Fremont

Specializing in promoting clean, natural gas as an alternative fuel for commercial and individually owned vehicles, Cenergy Solutions recently signed on for three more years at its 4,300 SF of office space at 2201 Walnut Avenue.  The company agreed to pay around $2.20 PSF in rent with escalations of 3%.




   
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Qwest Communications International Renews in Sunnyvale

The U.S. telecommunications carrier recently executed a renewal for its 76,000 SF of data center/tech space at 1400 Kifer Road.  Landlord, WTA Kifer, agreed to accept rent starting near $2.35 PSF with escalations of 3% in exchange for the 5-year term and TIs of $2.61 PSF.