MENLO PARK, Calif. (May 6, 2015) – Tarlton Properties,Inc. (TPI), a commercial property development and asset manager, announced today that Avalanche Biotechnologies has signed a long-term lease giving the company 100 percent occupancy at 1035 O’Brien Drive in Menlo Park, Calif. Avalanche has leased 36,068 square feet of Class A space.
Founded in 2006, Avalanche Biotechnologies, Inc. is a clinical-stage biopharmaceutical company committed to improving or preserving the sight of people suffering from blinding eye diseases with an unmet medical need. Avalanche’s proprietary Ocular BioFactory™ is a platform for discovering and developing novel medicines with the potential to offer life-changing therapeutic benefit. Avalanche’s lead product candidate, AVA-101, is in mid-stage clinical development for patients with wet age-related macular degeneration.
“Avalanche is a strong leader in the growing biotech community and, as such, we are proud they chose our biotech and life sciences campus in Menlo Park,” said John Tarlton, president and CEO of Tarlton Properties. “Among other features, our campus offers close proximity to Stanford University, a leader in biotech research, along with the availability of our onsite laboratory facilities at Menlo Labs.”
About Tarlton Properties
Tarlton Properties, Inc., (TPI) founded in 1980 and headquartered in Menlo Park, Calif., provides commercial property development and asset management services ranging from brokerage to receiverships as well as investment opportunities with selected properties. TPI’s full development capabilities are illustrated by its largest project, the award-winning, 50-acre, 900,000-square-foot Menlo Business Park. TPI has developed and redeveloped numerous other properties in the area, both as a principal and for other owners, including 1.5 million square feet of REO properties for institutional clients, multi-tenant office buildings, R&D complexes, warehouse facilities, an underground parking garage and two shopping centers. For detailed information, visit: www.tarlton.com
About Principal Real Estate Investors
Principal Real Estate Investors manages or subadvises $47.8 billion in commercial real estate assets. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group.