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Pacific Commons Business Park Taking On Tenants

FREMONT, CA-Some 774,000 sf has been developed and occupied, another 240k is under construction and spoken for, and 1.9 million sf is in the planning stages. All told, more than half of the eventual 8.8-million-sf development has been spoken for.

By Allison Landa | Updated on November 07, 2000

FREMONT, CA-The Pacific Commons business park here is filling out fast. With less than one million sf of space already developed, the eventual 8.8 million-sf development by Catellus Development Corp. is already more than half spoken for. Much of that came this week, when San Francisco-based Catellus announced a 3.4 million sf lease deal with a Cisco Systems subsidiary. But Intel also recently leased a 74,000-sf building and optioned another 100,000 sf.

Some 774,000-sf in the park has already been developed and leased, about half of it to Home Depot for an office and distribution center. Another 240,000 sf is currently being built, including Intel’s building, which the chip maker has an option to purchase. Catellus spokeswoman Pamela Matthews says her company is in the planning stages for another 1.9 million sf in 10 buildings.

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