Tradeline, Inc. filters and categorizes new-construction and industry news from regional and professional journals across the country. Here you will find new projects, products, and regulatory updates.
Industry News
Coaster Co. Leases Newark Facility
Santa Fe Springs-based furniture distributor Coaster Co. of America has signed a $6-million lease contract for 269,000-sf of warehouse space in Newark. Coaster, needing additional distribution and dock space as well as proximity to the Port of Oakland, will vacate its 125,000-sf San Leandro, Calif., facility by year-end.
Investigen Builds in Hercules
Biotechnology firm Investigen is building a 27,000-sf facility in Hercules' North Shore Business Park. Investigen will occupy 7,000 sf of the new building, with the city of Hercules considering the creation of a biotech incubator on the facility's 13,500-sf top floor.
CNA Insurance Consolidates in Foundry Square II
CNA Insurance will relocate its 255 employees, currently housed in a total of 100,000-sf of offices in San Bruno and San Francisco, to 55,000 sf on the sixth floor of the 482,000-sf Foundry Square II. The move is expected to occur in February of 2003.
Bio-Rad Breaks Ground on Hercules Facility
Bio-Rad Laboratories recently broke ground on a 140,000-sf, $20-million facility on its 70-acre campus in the North Shore Business Park in Hercules. Slated for occupancy in fall of 2003, the facility will house R&D, office, and manufacturing space to support Bio-Rad's planned workforce and product line expansion, such as microarray technologies and newborn screening tests. The building will also support growth in the areas of proteomics and functional genomics.
Kaiser Leases Richmond Lab and Training Facilities
Kaiser Permanente will occupy a 29,812-sf training facility and a 50,885-sf reference lab in Catellus Development's Regatta Business Park in Richmond. The 80,697-sf lease is in addition to Kaiser's existing 37,960-sf optical lab in the park. The new facilities will bring an additional 100 Kaiser employees to the site.