BioMed CFO Kent Griffen tells GlobeSt.com that the past several months have been spent transforming the campus from a single-tenant, owner-occupied facility to one that can be leased to multiple tenants. Nine of the buildings are two- and three-story office/R&D buildings; the other building is a 200,000-sf, single-story manufacturing building.

The development's central location, ample free parking (5,400 spaces) and large blocks of contiguous space are drawing eyes. Helping attract tenants is a 55,000-sf, two-story amenities building that includes a full fitness facility, a full cafeteria and a full conference center.

"We've said we'd like to see about 500,000 sf of leasing by the end of '08," Griffen says. "Our intent is to have it fully leased by 2010."

McPhee, a senior director with C&W, tells GlobeSt.com that BioMed's '08 goal is well within reach. "We are in negotiation on several leases that would account for an additional 400,000 to 500,000 sf of leasing in round numbers over the next 90 to 180 days," says McPhee, who is marketing the development with fellow C&W broker Dan Harvey and Gregg Domanico of GVA Kidder Mathews.

With regard to the type of tenants the development is attracting, McPhee says BioMed always expected it would attract more than just life-sciences companies, such as the Silicon Valley's traditional software and hardware development and design companies. Indeed, Sun developed the campus to accommodate engineering, software design, manufacturing as well as general office needs and the property's zoning has a broad array of permitted uses including computer software development, electronic instrument and component manufacture and assembly, pharmaceutical research, development and manufacturing, and medical device manufacturing and assembly.That having been said, McPhee says that the majority of the companies currently negotiating for space in the development are in the life sciences realm.