PALO ALTO, CA-Stanford Hospital & Clinics has inked a lease for over 155,000 square feet at the Palo Alto Technology Center located at 1800-1850 Embarcadero Road. The lease runs for 11.5 years. The hospital will occupy the space in seven buildings of the 10-building business park this fall. The 260,000-square-foot technology center is owned by Arden Realty Inc.
Cornish & Carey Commercial Newmark Knight Frank negotiated the deal. According to brokers, monthly lease rates at the center are $2.9 per square foot. For the full story, go to Silicon Valley/San Jose Business Journal .
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