Reflexion Medical chose to expand within the business park. They have found this location to be ideal because of its convenient access to the San Mateo Bridge approach.
Option Care joins as one of the newest tenants at Mt. Eden Business park. Option Care is the nation's largest independent provider of home and alternate treatment site infusion services.
One of our newest tenants, New RT Medical Systems is a next generation Proton Therapy Device company with world headquarters in Wuxi, China. They recently signed a long-term lease at Mt. Eden – their first USA location. One of the main reasons they chose Mt. Eden is because of the convenient location right at the San Mateo Bridge approach, providing simple access to the world's major life science & medical device companies, San Francisco International Airport (SFO), and Palo Alto/Stanford University.
In 2017, Illumina, Inc. (NASDAQ: ILMN), a 33 billion dollar world leader in genomics, signed a long-term lease for a nearly 110,000 square foot, state-of-the-art, extensive tenant improvement designed campus at Mt. Eden. This location is a short distance from their new 360,000 square foot campus in Foster City. The combination of lease transactions represents one of the largest life science, office, manufacturing deals throughout the USA over the past five years.
Dan Bergen confirms that companies appreciate the Class A corporate building image throughout the Mt. Eden Business Park. Employees like the modern design of the park, well-maintained landscape, relaxing Japanese Teagarden areas, and quick walk to the nearby eateries and new Starbucks. Company executives and team members for most of the tenants appreciate the convenient access to SFO, Foster City-San Mateo areas, Stanford University, and San Jose/Silicon Valley.
As of the second quarter 2018, South San Francisco, San Mateo to Mt. Eden Business Park market has limited available office, R&D and tech manufacturing space – near zero supply. Rental rates at Mt. Eden Business Park provide corporations large footprints at nearly half the rental rates of the buildings just to the west over the San Mateo Bridge. With the reverse commute, this drive is short, and with Mt. Eden's location at the Highway 92 on/off ramp, it's perfect.
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