Seagate Properties Signs 120,338 SF Lease with BioMarin Pharmaceuticals at Prestigious San Rafael Corporate Center

BioMarin Expanding North Bay Presence

Published on February 17, 2012


San Rafael, CA - Cassidy Turley, a leading commercial real estate services provider in the U.S., announced today that brokers Trevor Buck, Senior Vice President/Partner and Steve Leonard, Senior Vice President/Partner of the firm have represented landlord Seagate Properties in its successful lease of 120,338 square feet of Class A office space with new tenant BioMarin Pharmaceuticals, Inc. at the prestigious San Rafael Corporate Center (SRCC).

Novato-based BioMarin penned a long-term lease for an entire 83,315-square-foot three-story building located at 770 Lindaro Street plus another 37,023 square feet on the second and fourth floors at the adjacent four-story building at 790 Lindaro Street within the center. Built in 2009—eight years after the San Rafael Corporate Center’s first phase was completed— these two LEED Gold certified buildings represent the most recent additions to the project. Currently headquartered in over 300,000 square feet of office/lab space in the neighboring city of Novato, BioMarin will be expanding its North Bay presence just southbound into San Rafael with an occupancy date scheduled for spring. BioMarin was represented by Mark Maguire, Phil Arnautou and Luke Wilson of Colliers International in the transaction.

Mr. Buck stated, “Among the largest transactions here in Marin County over the past few years, this is a significant long-term deal and will help to considerably tighten the office market here in the North Bay region.”

Built in phases in 2001 (phase I) and then 2009 (phase II), the San Rafael Corporate Center is comprised of four premium Class A office buildings. The project was touted as Marin County’s First LEED GOLD certified new construction. SRCC is located just one block off Highway 101, across from the San Rafael Transit Center, and two miles north of the Larkspur ferry terminal, making access ideal for auto and mass-transit commuters. The project is just a short walk to Fourth Street and San Rafael’s thriving revitalized Main Street offering tenants an abundant mix of retail, international cuisine and entertainment amenities within walking distance. The elegant three-story buildings offer an array of suite sizes with ample parking. SRCC is the perfect home for tenants seeking a premier location and a synergistic environment.

BioMarin develops and commercializes innovative biopharmaceuticals for serious diseases and medical conditions. The company's product portfolio comprises four approved products and multiple clinical and pre-clinical product candidates. BioMarin has developed and commercialized four products since 1997, a remarkable accomplishment in the biopharmaceutical industry, and a testament to the company’s passion and dedication to patients with serious unmet medical needs.

About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,400 professionals in more than 60 offices nationwide. The company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $18 billion in 2010, manages 455 million square feet on behalf of private, institutional and corporate clients and supports more than 25,000 domestic corporate services locations. Cassidy Turley serves owners, investors and occupiers with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. In 2010, the firm enhanced its global service delivery outside of North America through its partnership with GVA. Please visit
www.cassidyturley.com for more information about Cassidy Turley.

Cassidy Turley provides regional real estate services in Northern California. With 15 Northern California offices and a 400-member team, our Northern California market leadership is demonstrated by completion of over 3,350 transactions, totaling over $3.1 billion in 2010. 


Contact:
Mark Bollozos
415.781.8100

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