SVTC signed a five-year lease for a two-story 114,000-sfbuilding at 5215 Hellyer Ave. that is part of a two-building353,000-sf complex owned by Golden Gate Real Estate. Run by JaminSeid, GGRE is a four-year-old affiliate of the EmriGroup thatco-invests with institutions as the local development partner.

Seid tells GlobeSt.com that the asking rate for space in hiscomplex, Hellyer Oaks Technology Park, ranges from $1.35 to $1.50per sf, and that the negotiated rates are not falling below thatrange. In the case of SVTC, the company took space that had alreadybeen well built out by the previous tenant, New Focus, whichvacated the space a few years ago but continued to pay rent untillate last summer. SVTC will be reusing a lot of the labs that NewFocus had built out and will use a $10 per-sf tenant improvementallowance to move some walls and replace some carpet tiles, hesays.

"We will be loading this building up with equipment that solarmanufacturers need for their product development," Kurt Laetz, theSVTC managing director who will lead its solar effort tellsGlobeSt.com. "It should allow a lot of companies to get theirproduct to market cheaper and faster."