Only one building - 161,000 sf of the 1.6 million sf businesspark – remains on the market, and even that will be gone soon. Twocompanies are currently vying for the space, according toreports.
In the last 30 days, Broadvision Inc. has expanded its twobuilding lease to three, and will now 500,000 sf of space in thepark. In addition, Nuance Communications, relocating from MenloPark, has signed on for 141,000 sf. Other park tenants includeExiteAtHome, Phone.com Inc. and Informatica Corp.
Suffice to say, the project has been a home run for Jay Paul,which purchased the land from the Port of Redwood City in Decemberfor about $90 million. Walton Street Capital LLC is a partner onthe project and Dresdner Bank and Key Bank provided constructionfinancing.
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