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Micron, Boston Scientific Ink Big Office Leases

SAN JOSE-Micron Technologies leases 264,884 sf and medical device maker Boston Scientific leases 226,000 sf.

By Brian K. Miller | Updated on November 06, 2006

SAN JOSE-Micron Technology and Boston Scientific have signed large, long-term lease deals totaling about 500,000 sf. Both companies will be changing addresses but not cities as a result of the transactions.

Micron Technology signed a seven-year lease for two adjacent office buildings here totaling 264,884 sf. The manufacturer of semiconductor components will occupy the six story building at 3080 N. First St. in December because it came fully furnished. Tenant improvements to the smaller building at 2060 N. First St. will begin shortly after Micron takes control of the property early next year. Micron is relocating to the buildings from its 100,000-sf corporate-owned facility at 2125 Onel Dr., also in San Jose.

Steve Prehm and Mike Burke of Colliers International represented Micron in its lease negotiations. The building owner, Pure Blue Investments, which consists of three private investors from the Bay Area, was represented by Brittain Cheney and Dennis Chambers of Commercial Property Services and Steve Fisher and Tom Taylor of CB Richard Ellis.

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