Koll Center Inks Deal.Paracel inc. has leased almost 85,000 square feet and will have building-top signage at Koll Center Pasadena. The 10-year deal is valued at $25 million. Paracel manufactures high-speed computers and software that are used in gene research and text analysis for the pharmaceutical, information services See Information Systems. and government sectors. Its products include the world's fastest sequence-comparison supercomputer. The company was recently acquired by Celera Genomics Group, which has been working to unravel the human genome The human genome is the genome of Homo sapiens, which is composed of 24 distinct pairs of chromosomes (22 autosomal + X + Y) with a total of approximately 3 billion DNA base pairs containing an estimated 20,000–25,000 genes. . Construction on the 176,000-square-foot Koll building will be completed next February. The project, located on Colorado Boulevard Colorado Boulevard (or Colorado Street) is a major east-west street in Southern California, United States. It runs from Griffith Park in Los Angeles east through Glendale, the Eagle Rock section of Los Angeles, Pasadena, and Arcadia, ending in Monrovia. east of Lake Avenue, is the first speculative office development undertaken in Pasadena since 1991. It also comes at a time when the city's office vacancy rate is only 6 percent. Paracel will be moving from offices on Lake Avenue, almost tripling its space in the process, said Roy Longman of Cresa Partners, who represented Paracel with Jerry Porter Jerry Porter can relate to more than one person:
Kevin Duffy and Patrick Church of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. represented Koll. |
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