DUBLIN, CA-Supergen Inc., a developer of cancer therapies, has signed a 30,000-square-foot lease renewal at Dublin Corporate Center. The transaction retains the pharmaceutical company’s headquarters at the office campus through the end of 2015.
SuperGen is dedicated to the discovery and development of novel cancer therapeutics in epigenetic and cell signaling modulation. The company develops products through biochemical and clinical proof of concept to partner for further development and commercialization. Supergen tells GlobeSt.com that “we love the location and the fact that we were able to renew our lease at a significant reduction from our initial lease rate was a double bonus for us.” The initial lease was a 10-year lease signed in 2000, and according to Supergen, “the rates were quite high at the time.” He couldn’t provide any further information at this time.
Tishman Speyer, owner of the building recently recommitted to its investment in Dublin Corporate Center, when it retired the property’s mortgage debt and earmarked significant funds for future leasing and capital costs, as GlobeSt.com recently reported.
Dublin Corporate Center is an 18.6-acre class-A office campus consisting of three four-story office buildings totaling 440,278 square feet. It is located along the 580 corridor in the Dublin submarket, which is part of the greater Tri-Valley market and is one of the fastest growing submarkets in the San Francisco Bay Area. The Tri-Valley’s attractive demographics, excellent amenities, and extensive public and private transportation infrastructure have made it one of the most desirable markets in the Bay Area for large, credit-worthy corporate tenants, according to a prepared statement.
Kevin Mechelke with Jones Lang LaSalle represented Supergen in the lease transaction. Property ownership was represented by Ted Helgans and Brian Lagomarsino with Colliers Parrish and Allen Palmer of Tishman Speyer.
Tishman Speyer was unable to disclose lease terms or anything further at this time.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
