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Colliers Reports Silicon Valley Build-To-Suit Construction Increased In 2011
Silicon Valley experienced an increase in the number of new construction/build-to-suit project commitments in 2011. Colliers International is representing tenants in two new large projects for Omnicell, Inc., and Synopsys, Inc.
Jim Beeger, senior vice president with Colliers International’
Omnicell, Inc., , a leading provider of medication and supply management solutions and analytics software for healthcare facilities, will relocate to their new headquarters at 590 East Middlefield Road in Mountain View, Calif., leasing 99,880 square feet of R&D space. Terry Bell and Joe Elliott, both SIOR-designated senior vice presidents with Colliers International’
Kirk Thompson, Omnicell’s sr. manager of Real Estate, commented, “We are pleased that Omnicell will have a state-of-the-
Terry Bell commented, “After assisting Omnicell with several real estate transactions locally and nationally, it was especially rewarding to help Kirk find a high-quality, class A+ corporate headquarters facility right in the heart of Mountain View. This will be a showpiece facility that will very effectively meet the needs of this growing company.” Joe Elliott added, “The technology and design that is incorporated into this project is remarkable. This facility is a great example for future construction and for developers looking to incorporate quality design and current environmental systems into their projects.”
Synopsys, Inc., , a world leader in software and IP used in the design, verification and manufacture of electronic components and systems, recently inked a 340,000-square-
Jeff Fredericks, SIOR, managing partner of Colliers’ Silicon Valley office, commented, “The increase in build-to-suit projects this year shows the resilience of the Valley’s commercial real estate market in the midst of a tough economy. Our brokers play a vital role in providing solutions to companies that are in need of customized space that matches their business plan. I’m quite proud of the team’s consistency in delivering such fine products for our clients.”
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