Hayward Lands Two Medical Technology Companies at The Sandoval Business Center

 

June 23, Hayward, CA – Dan Bergen of Colliers International, represented, The Sandoval Business Center, Leasing nearly 15,000 SF to two advanced medical instrument technology companies this month. A newly funded group, CogENT Therapeutics of Palo Alto has leased 5,880 SF at 717 Sandoval Way, for $10.20/SF/Year NNN. Austin Barrett with T3 Advisors, represented CogENT in this long term lease. The other lease was an in-house 8,640 SF renewal to Hantel Technolgies at 703 Sandoval Way, Hayward.

CogENT Therapeutics was founded in 2011 as a collaboration between medical industry veterans and innovative ENT surgeons. A privately held medical device company, CogENT will utilize this space for their headquarters and Scientific R&D for ENT (Ear, Nose, Throat) disorders. For more information about CogENT please visit, www.cogent-tx.com

Hantel Technologies is a one-stop resource for your medical device and biotech product design, engineering, and manufacturing needs. Like CogENT, Hantel headquarters their full line of R&D and manufacturing at this centralized location. For more information about Hantel please visit, www.hanteltech.com.

These newsworthy deals confirm the recent trend of companies moving to the East Bay. The two med tech deals have reduced the available space of the Huntwood area’s premier R&D health-tech project. a 12,000 SF and a 6,000 SF space remain available for lease. “There is a trend of medical and health-tech entities considering and moving to the East Bay due to lack of available space in the West Bay and/or the “triple rent factor”, states Dan Bergen, with Colliers International. Please call Dan for space alternatives, at 1/3 the price of the Peninsula.

About Colliers International

Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

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