Client Profile: Aurora Biofuels
1201 Harbor Bay Parkway, Alameda CA
Landlord
Avigen (sublandlord)
Size
3,000 Square Feet
Challenges
Reduced last year of term rent obligation by 35%. Renewed and expanded current space for additional 10 years. Included 9,000 square feet of expansion space.
Aurora BioFuels hired Aegis to procure lab and office space in the Bay Area. The challenge
was to find improved lab and office space for a biotech start up on a short term basis. The space also had to allow for future growth. Aegis helped Aurora secure space in parallel with Aurora’s initial round of funding. Aegis negotiated favorable terms for Aurora that minimized their rent exposure and enabled them to preserve cash.
Aurora BioFuels was started in Berkeley, CA by three entrepreneurs interested in alternative energy, particularly biofuels. Of all the potential sources of renewable energy, Aurora’s founding team believes that algae holds the most promise to replace petroleum-based fuels.
