Foster City: SciClone Pharmaceuticals Renews
SciClone Pharmaceuticals renewed its lease at 950 Tower Lane in Foster City. The company is going from 25,000 SF down to 11,000 SF and will pay rent in the mid-$4.00s PSF for the smaller space. The term of the lease is four years with four months of free rent.
Oakland: Clorox Company Signs at 1333 Broadway
The Clorox Company signed a lease at 1333 Broadway in Oakland, just down the street from its current headquarters at 1221 Broadway. The company will pay around $2.00 PSF for the 8,147 SF space. The term of the lease is five years, and it includes 3% annual escalations.
San Leandro: Methods Machine Tool Takes 10,281 SF
Methods Machine Tool signed a lease at 650 Whitney Street in San Leandro. The company will pay rent just under $1.00 PSF for the 10,281 SF space. The term of the lease is five years.
San Francisco: Edgeworth Economics Expands on Bush St.
Edgeworth Economics recently expanded its footprint at 333 Bush Street in San Francisco. The company will pay rent just north of $50 PSF for the additional 2,600 SF of space. The term of the lease is five years, and it includes annual bumps and minimal TI’s.