Service Company To Semiconductor Industry Locating Near Airport

PORTLAND-Pentagon Technologies Inc. is leasing for a 30,000-sf building at James Property Investments’ 205 Airport Way Business Center. The Fremont, CA-based company is paying 38 cents/sf tiple net for the space, and will spend upwards of $5 million to build out the space as a semiconductor parts cleaning and reconditioning facility.

The term of the lease is 10 years, with 3% annual rent increases. Cushman & Wakefield brokers handled both sides of the transaction, with Andrew Harnish representing Pentagon and Tony Reser and Ben Peterson representing James property Investments. The building will be Pentagon’s fifth such facility nationally, and will serve chipmakers in the greater Pacific Northwest and Rocky Mountain regions, including local producers LSI Logic, Hewlett-Packard and Fujitsu.