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Joint Genome Institute Extends, Expands Lease

WALNUT CREEK, CA-The US Department of Energy Joint Genome Institute expands its lease to all three buildings at 2800 Mitchell Dr. and extends its commitment for another five years.

By Brian K. Miller | Updated on June 25, 2007

WALNUT CREEK, CA-The US Department of Energy Joint Genome Institute has expanded and extended its lease commitment at 2800 Mitchell Dr., a three-building complex that is owned by Castle Rock I LP and managed by Hall Equities Group. A source with the DOE-JGI tells GlobeSt.com the transaction expands the Institute’s lease commitment to all three buildings, which total approximately 80,000 sf, and extends the lease commitment by five years, not including an additional five-year option.

The DOE-JGI is situated halfway between its two parent facilities, the Lawrence Berkeley and Lawrence Livermore National Laboratories. The DOE-JGI initially occupied one 30,000-sf building at 2800 Mitchell in the late 1990s and in 2000 expanded its leasehold there to include a second 30,000-sf building. Starting next year, when its previous lease is set to expire, the DOE-JGI will expand into the campus’ only other structure, an 18,000-sf building at its entrance that previously was occupied by Western Careers College, previously known as Silicon Valley College.

The 18,000-sf building is currently being renovated for use by DOE-JGI. The Institute expects to occupy the building in the first quarter of 2008. This building will be used to consolidate administrative and informatics staff and will feature a new education outreach laboratory. Breck Lutz with Cornish & Carey represented DOE-JGI in its lease negotiations. The revised lease terms were not released by the parties involved and not otherwise immediately available.

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