For example, Capella Photonics just got into a triple net sublease of more than 9,000 sf of office/tech space at 14517 Great Oaks Boulevard in San Jose. The 60-month deal went for a total $1.89 million or a monthly average of a little more than $3/sf.
TecHarmonic, a maker of pollution abatement equipment was the sublessor and was represented by Nick Whitstone of Grubb & Ellis. Mike Denevi of Cornish & Carey represented Capella Photonics.
Contrast that with the office lease between Ken Swanson and tenant Mend-Pak, Inc. in Milpitas. The 36-month lease for 1,296 sf at 162 S. Hillview Court here amounts of a consideration of about $2.60/sf or about $11 million over the long haul.
Logic Express Systems inked a triple-net lease for a total $469,000 plus in flex space at 14517 Scott Boulevard in Santa Clara. The effective rate works out to about $2.60 sf. Infinity Extrusion & Engineering leased 2,110 sf down the street at 14528 Scott Boulevard for at total $136,728 or about $2.70/sf monthly.
The landlord is Cal West Industrial Properties, LLC. Marty Chiechi of Grubb & Ellis represented the lessor and the tenant respectively in each deal. Cornish and Carey represented logic Express Systems.
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