Aradigm Corporation Enters Sublease Agreement with Mendel Biotechnology

July 27, 2007 at 10:05 am · Filed under Office lease

Memo: Leasing News

Aegis Realty Partners Press Release

For Immediate Release

July 23, 2007

Aradigm Corporation Enters Sublease Agreement with Mendel Biotechnology

Hayward, CA — July 23, 2007 – Aradigm Corp., a specialty pharmaceutical company, has subleased approximately 54,000 square feet in its headquarters facility located at 3929 Point Eden Way in Hayward, to Mendel Biotechnology. The multi-year, renewable agreement commenced July 18th, 2007. Scott Stone and Garrett Krueger of Aegis Realty Partners worked on behalf of Aradigm to sublease a portion of their existing space after a corporate restructuring. Aradigm will continue to occupy a portion of the facility and sustain all operations. The subtenant, Mendel Biotechnology, is a plant biotechnology company which required improved space to accommodate expansion tied to a recent funding event. Mendel Biotechnology was represented by Bob Ferraro and Mark Kol of CB Richard Ellis in Oakland.

“We are delighted to have reached an agreement with Mendel Biotechnology and to share a first-class facility with them,” said Dr. Igor Gonda, Aradigm’s President and CEO. “Importantly, we are able to accomplish this without the need for relocation and with no material disruption to our operations.”

About AEGIS:

Oakland-based Aegis Realty Partners is a full service commercial real estate brokerage firm. Aegis has represented clients in transactions totaling over 2.8 million square feet, and is unique among real estate brokerage firms for its focus on tenant representation. For more information about Aegis, please visit the company’s website at www,aegisrealty.com.

Contact Information

Jessica Stewart

Aegis Realty Partners

510.273.2012

Jessica@aegisrealty.com

www.aegisrealty.com

For more information about Aradigm Corporation, go to www.aradigm.com

For more information about Mendel Biotechnology, go to www.mendelbio.com

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AEGIS Realty Partners is a boutique full-service commercial real estate brokerage located in Oakland, California. We service Oakland, Alameda, Emeryville, Berkeley, as well as the rest of the East Bay, specializing in office and R&D properties. Focusing on tenant representation, landlord leasing, and investment & development sales makes Aegis able to offer the highest comprehensive market knowledge of the East Bay.

AEGIS' brokers have:
• Over 50 years of combined experience.
• Sold or leased more than 2.8 Million square feet of office space.
• Completed more than $1.3 Billion in lease and sale transactions.

AEGIS offers comprehensive real estate services which exceed the expectations of our clients. We represent our clients fairly and successfully as we help them meet their office space needs. We set the industry standards for integrity, responsiveness, and innovation, creating mutually rewarding long-term relationships with our clients.

We invite you to get to know our brokers and take a closer look at the Bay Area Commercial Real Estate Newsletter.

Please call us at (510) 273-2000 or email admin@aegisrealty.com with any questions.

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AEGIS Recent Office Space Transactions

» 54,000 s.f. in Hayward to Mendel Biotechnology
» 37,294 s.f. in Emeryville to Onyx Pharmaceuticals
» 33,041 s.f. in Emeryville to MedAmerica
» 18,000 s.f. in Burlingame to GAP