NOVATO, CA–Hamilton Landing has signed three lease expansions and two new major leases, totaling 118,913 square feet.
These new transactions allow Hamilton Landing to retain 50,589 square feet of leased space and provide 68,324 additional square feet in expansions. Novato based game company 2K continues to grow, and it has leased 45,692 square feet in Hangar 9 to house additional development and publishing resources.
As reflected in the new lease, 19,600 square feet are a renewal and 26,092 square feet are an expansion. The new lease also leaves approximately 15,000 square feet vacant in Hangar 9. Hamilton Landing has developed an enthusiastic tenant base among game developers, with Activision's Toys for Bob and Touchfactor also tenants in the office campus. 2K was represented by Scott Ginsburg of Hughes Marino, Inc.
Raptor Pharmaceutical also significantly expanded its lease, adding 10,892 square feet to its 30,989 square feet in Hangar 7. Raptor Pharmaceutical, a biopharmaceutical company focusing on rare diseases and orphan drugs, has been part of the expanding biotech sector in Marin. The firm will begin its occupancy in spring of 2014. The firm was represented by Cornish & Carey Commercial Newmark Knight Frank's listing team.
“EDG is very enthusiastic about our move to Hamilton Landing, and our new home at Hangar 7,” said Jennifer Johanson, CEO of EDG Interior Architecture and Design. “The campus has been thoughtfully developed to suit the creative environment we are seeking. As designers of world-class hospitality environments, we are selective about our space, and wanted something that went beyond a traditional office interior.”
“We're thrilled to be able to provide much-needed space to these creative companies as they grow,” said Michael Barker, managing director of Barker Pacific Group, the developer of Hamilton Landing. “Retaining our tenants is a key factor in the business park's success, and most firms really connect with the unique space at Hamilton Landing. Our vision for the creative-space campus is coming to fruition.
Hamilton Landing is 85% leased, with 83,679 square feet available of a total 403,000. Conveniently located in Novato off Highway 101, Hamilton Landing is a joint venture of Barker Pacific Group and Prudential Real Estate Investors.
Barker Pacific Group was founded more than 30 years ago and is comprised of experienced real estate professionals active in asset management, acquisitions, and development of major commercial projects. In San Francisco, BPG developed 100 First Plaza and previously managed and owned 500 Sansome Street.
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