Pericom Expands, Relocates HQ

SAN JOSE, CA-Pericom Semiconductor Corp. has leased 76,145 sf here at Rio Robles Technology Center from Carr America. Pericom is expanding and relocating its headquarters from about 53,000 sf at Valley Business Park II, another local property owned by CarrAmerica.

CarrAmerica’s managing director for Northern California Christopher Peatross says keeping Pericom in the company’s portfolio was a high priority. Jim Abarta and Phil Arnautou of Colliers International represented Pericom in the transaction.

Abarta and Arnautou declined comment on the negotiated lease rate. The asking rate for space in the park is $1.15 per sf per month, triple net. Local brokers familiar with the property tell GlobeSt.com negotiated rents are ranging from the high $0.90s to around $1.10, depending on build out and the size and term of the lease.