Owned by Equity Office Properties Trust, Foothill Ranch Center sits on a ground lease within Stanford Research Center. Stanford Research Center is a highly sought after address located in one of the strongest submarkets in the country.
The average annualized lease rate for tenants at Foothill Ranch Center was $78.68 as of Sept. 30, according to EOP's most recent quarterly report. Affymax's lease terms were not released by the parties involved.
Mark Pearson of Cresa Partners represented Affymax. Byron Woodworth of CB Richard Ellis represented Equity Office.
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