Client Profile: Onyx Pharmaceuticals
2100 Powell Street, Emeryville, CA 94608
Landlord
Siebel Systems
Size
23,122 Square Feet
Lease Term
5 years
Challenges
The space requirement evolved in the 13 month period of engagement from 10,000 square feet to over 20,000 square feet.
Onyx Pharmaceuticals was in the midst of a strategic shift in their business. They needed to move from a suburban laboratory and office environment to a more professional business address. They wanted to keep capital costs low yet have flexibility to grow without delay. Aegis was able to find the right combination of “plug and play” space with room to expand.
Aegis has represented Onyx in over 37,000 total square feet of space. In late 2006 Aegis Realty Partners worked on behalf of Onyx Pharmaceuticals to solve their expansion needs. Onyx Pharmaceuticals was able to capture a portion of functionally obsolete space which had been leased by Oracle. Aegis was able to assist Onyx by converterting the facility to accommodate growth for new clinical trials.
