The remaining availability, floors four through eight in theWest Tower, have been in shell condition since the building wascompleted in 2002. The asking triple-net lease rate, raised about30 days ago, now stands at $2.95 per sf per month, a price thatincludes a $50 per-sf tenant improvement allowance, saysKalinowski, who is marketing the space with fellow C&C brokerJosh Rowell.

The complex was master leased prior to its 2002 completion byInktomi, a data retrieval company. Inktomi never even began spaceplanning before agreeing to pay $54 million later that year toterminate the $315-million lease obligation. In December of thatyear, Inktomi agreed to be acquired by Yahoo Inc. for $235million.

The property owner is a 90-10 partnership of Sterling AmericanProperty Fund IV and Hines. Kalinowski says tenant interest in thecomplex has risen along with the biotech market locally and thecentrally located mid-Peninsula is benefiting from a lack ofavailability further north in San Francisco and further south inthe Silicon Valley.