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BAY AREA NEWS
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Therm-X Leases 69k sf of Lab/R&D Space in Hayward

10/09/17

Therm-X signed a long-term lease for 68.8k sf of laboratory/R&D, industrial and office space in Hayward. The space is at 3323 Investment Blvd, at the base of the San Mateo Bridge and directly across the street from their Headquarters.

The property, owned by Lakeport Group LLC, includes 43.3k sf of office and laboratory space which consists of a mix of private offices and open cubicle areas as well as four large conference rooms, two large break rooms and three large conference rooms. The 25.5k sf warehouse/shipping space provides 16’-18’ ceiling height clearance, is sprinklered with a vented chemical storage room and has dock and drive loading.

Chris van Keulen, Bob Ferraro, SIOR, and Michael Barry with CBRE represented the tenant in the deal. CBRE and Therm-X have been working together since 2014 when Therm-X business growth drove the need for more space. Therm-X is a leader in Advanced Temperature and Process Control Systems for high technology industries.

“This property was available at the right time for Therm-X as they looked to meet customer demand. In Hayward, where vacancy is 1.5% for flex & R&D space, the benefit of being able to remain in their headquarters and expand across the street is a rare opportunity to have. Most importantly it is a huge savings across the board for them,” shared Chris van Keulen. “3323 Investment Blvd. Property will meet Therm-X’s immediate and future growth needs, setting them up for ongoing success in this market.”

In an effort to consolidate into the new facility, Therm-X has their listed for sale 3486 Investment Blvd with van Keulen and Ferraro of CBRE. 3486 Investment Blvd is a 24.4k sf light industrial building situated on 1.4 acres. Its central location in the Bay Area allows for easy access to HWY 92 and 880.






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