| Millennium Pharmaceuticals |
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To secure a campus facility in South San Francisco that will provide Millennium the potential for long term growth while minimizing leasing costs. The Life Sciences Group - San Francisco Peninsula was faced with the following constraints:
- Limited availability of both existing space and development sites
- Complicated existing lease structure
- Fluctuations in growth projections
- Minimal capital improvement costs
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| Extended existing lease at "below market" rate with expansion opportunities. CB Richard Ellis developed a facility analysis process with Millennium and continues to benchmark and evaluate Millennium's facility needs. |
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