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BAY AREA NEWS
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Valent U.S.A. Leases 96k sf in San Ramon

10/16/18

Valent U.S.A. agreed to a 20-year lease for 96.5k sf of R&D space at Canyon Corporate Park in San Ramon. The deal represents the largest new R&D lease in the Tri-Valley since the second quarter of 2016.

For Valent, a leading crop protection firm serving the agricultural and non-crop products markets in North America, the move to the two-story free-standing building represents a consolidation of its Dublin and Walnut Creek operations. Canyon Corporate Park, at 4600 Norris Canyon Rd, offered a location between the existing operations while meeting the specific high-end R&D needs of Valent.

The ownership had purchased Canyon Corporate Park, a three-building property built in 1984, out of default in 2014. The new Valent lease now puts Canyon Corporate Park at 1005 leased.

The building has an 8 interstitial space between the floors which is desirable for R&D uses. The property also benefits from a recently renovated outdoor common area and a strategic location with street frontage on Norris Canyon Road.

Dan Watson, Dave Bruzzone and Dan Dowd with NKF represented the landlord, a joint venture of Cannae Partners LLC and New York Life Investors, on behalf of an institutional investor. The lease value was not disclosed.






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