OAKLAND, CA—With Oakland City Council approval this week, Rainin Instruments Co. Inc. appears ready to ink a deal that brings yet another corporate headquarters address and hundreds of more jobs to the city. The Emeryville-based company, a maker of products used in the laboratory and research arenas, will reportedly pay $3.4 million—or $10 per foot – for 7.8 acres in the Airport Business Park.

The company plans to start construction of its $12-million project in the fall. Clinton Bolden, head of Oakland’s Redevelopment Agency, said Rainin’s new facility is slated to be ready for use by the fall of 2001.

The site is part of a portfolio of properties currently controlled by the Port of Oakland. Parcel by parcel, the holdings are being transferred into the city’s control in a bid to attract the interest of companies like Rainin.

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