Waters Technologies Corp. Inks 10-Year Deal

PLEASANTON, CA-Waters Technologies Corp. recently inked a 10-year lease for 12,860 square feet of class A flex and R&D space, according to Jones Lang LaSalle, which represented the tenant. The building owner is NNN Britannia LLC, an entity managed by Triple Net Properties Realty Inc.

The property is located at 5720 Stoneridge Dr. in Pleasanton. Waters Technologies has relocated to the building from 6746 Sierra Ct. in Dublin, CA. The value of the lease is approximately $2 million, one local industry source tells GlobeSt.com, which would work out to just under $1.30 per sf per month. The brokers involved could not be reached for confirmation.