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Sub-Lessor For Nokia Space In Petaluma Is a Myth
In leasing activity north of the Golden Gate Bridge, two more tenants have touched down at Hamilton Landing, the 550k sf business park crafted from World War II airplane hangars at the former Hamilton Air Force Base in Novato. Nihilistic Software Inc took 7.3k sf in Hangar 5, while the Novato branch of the Marin County Free Library signed for 7.9k sf in Hangar 6. The rents were not released, but the published base rent is $2.60/sf with a $30/sf tenant allowance.
Nihilistic, a computer games company currently located in Bel Marin Keys, is one of a small cluster of high tech companies that have migrated to Hamilton Landing. It will join Scene7, which produces digital imaging software, SpatiaLight, which creates high definition TV components, and Cytograft Tissue Engineering Inc., a biotech company as tenants of the 9-building project.
The library is one of 11 maintained by Marin County. Replacing a smaller facility in Pacheco Plaza on Novato's Ignacio Blvd, the branch will have 3.2k sf of shelf and public space and 4.7k sf for technical and administrative functions.
Brian Eisberg and Haden Ongaro of Orion Partners have the exclusive leasing assignment for Hamilton and represented landlords Barker Pacific Group and Prudential Insurance Co in both deals. They also represented Nihilistic. Denise Pinkston and Brian Fleming of TMG Partners represented Marin County Free Library. Together the deals bring the development to more than 70% leased.
Farther north, Nokia Communications has finally found a taker for some of the 96k sf space the Finnish telecom company gave up early last year at 2235 Mercury Way in Petaluma. E-Myth, an entrepreneurship consultant and educator, signed a sublease for 16k sf on the second floor of the 128k sf building. Nokia's lease runs into 2011.
Glen Dowlin, Chris Neeb and Matt Bacon of Cushman & Wakefield represented Nokia in the transaction. Paul Schwartz and Denis Plehn of Orion Partners represented E-Myth, which is relocating from 14k sf on Stony Circle in Santa Rosa.
In addition to the E-Myth sublease, property owners Simons & Brecht leased 7.8k sf of the Mercury Way building's remaining 32k sf of space to Adobe Systems. The digital imaging and digital video software company is also moving from Stony Circle. A financial services company is reported to be ready to lease another 6k sf at the property.
Finally, in Santa Rosa a Singapore-based electronics service provider has taken 3.4k sf at Basin Street Properties' Oak Valley Business Center, north of Santa Rosa. Venture Design Services Inc, a member of Venture Corporation Ltd, has signed a 3-year lease for 3.4k sf of office space in the Aviation Blvd complex near Charles M. Schulz-Sonoma County Airport. Barry Palma of Orion represented Venture in the deal. Mike Flitner and Shawn Johnson of Keegan & Coppin represented Petaluma-based Basin Street.
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