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Kaiser Permanante Inks $5-Mil R&D Lease

RICHMOND, CA-The health care organization signs a 10-year lease to occupy 38,000-sf in a research-and-development building here at Catellus Development's Regatta Business Center.

By Michelle Savage | Updated on November 13, 2001

RICHMOND, CA-As the dot-coms lose their leases, go out of business or downsize, property owners are seeing more traditional industries absorb some of the excess space. The latest example is Kaiser Permanente, which signed a 10-year, $5-million lease deal for R&D space in the Regatta Business Center.

Regatta Business Center was built in 1997 by Catellus Development, which maintains ownership. Kaiser’s optical department will occupy 38,000-sf of an 80,000-sf building in the 130,000-sf business park. Existing park tenants include Dicon Fiberoptics and Vicor Inc.

Gabe I. Burke and Gary M. Green, both of Colliers International in Oakland, represented Catellus Development in the lease transaction. Cushman and Wakefield represented Kaiser Permanente.

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