The sublease from the medical diagnostics firm consists of 135,000 square feet of space in a two-story R&D building, 43,000 square feet in another and 86,000 square feet of single-story warehouse space, according to the posting. The Palo Alto office of CBRE had the leasing assignment. One of the brokers involved declined comment.
The company moved to 1601 California earlier this year after outgrowing several buildings in downtown Palo Alto.
At the time, a company source tells Globest.com the company--which planned to grow from 600 employees to 1,000 by year's end--may ultimately decide to maintain some Downtown office space to cover any overflow. "While the new building is large enough to hold all of our current employees, it may not be adequate to keep all of us together until we find a permanent headquarters," said a company spokesperson. "To prepare for this contingency, we expect to retain some of our current space in downtown Palo Alto as well."
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