The remaining availability, floors four through eight in the West Tower, have been in shell condition since the building was completed in 2002. The asking triple-net lease rate, raised about 30 days ago, now stands at $2.95 per sf per month, a price that includes a $50 per-sf tenant improvement allowance, says Kalinowski, who is marketing the space with fellow C&C broker Josh Rowell.

The complex was master leased prior to its 2002 completion by Inktomi, a data retrieval company. Inktomi never even began space planning before agreeing to pay $54 million later that year to terminate the $315-million lease obligation. In December of that year, Inktomi agreed to be acquired by Yahoo Inc. for $235 million.

The property owner is a 90-10 partnership of Sterling American Property Fund IV and Hines. Kalinowski says tenant interest in the complex has risen along with the biotech market locally and the centrally located mid-Peninsula is benefiting from a lack of availability further north in San Francisco and further south in the Silicon Valley.