Go Beam, which provides services that allow businesses to send voice and video signals over data networks, subleased 18,057-sf of class A space at 5050 Hopyard for about $1.20 per sf per month. CB Richard Ellis' fourth quarter 2002 report stated that the average monthly rate for office space in Pleasanton was $2.05 per sf.
According to Colliers International, the company signed the sublease with ADC Communications. Mike Copeland of Colliers represented GoBeam in the transaction. Gregg Hall of Cress Partners represented the sublandlord, ADC Communications. The master landlord is Chawin Properties.
ADC Telecommunications Inc., a Minnesota-based broadband communications company, put the space up for sublease due to financial difficulties resulting from the telecommunications industry crash.
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