Transwestern Represents Building Owner in Transaction with Diablo Clinical Research
(August 1, 2014 – Walnut Creek, CA) – Transwestern today announces it negotiated a lease renewal of 13,106 square feet for seven years at 2255 Ygnacio Valley Road in Walnut Creek, California. Diablo Clinical Research, which occupies more than one third of the building, intends to make improvements to its space, including repositioning the second floor to increase workflow. Transwestern Senior Vice President Sonny O’Drobinak and Associate Kyle Snyder worked in conjunction with Michael Peiser of Rubicon Investments, Building Manager.
“We are very happy to retain Diablo Clinical Research as a key tenant at Ygnacio Woods Office Complex,” said O’Drobinak, lead broker on the transaction. “Ownership looks forward to servicing their needs in the coming years.”
Ygnacio Woods Office Complex is a 36,000-square-foot medical office building with high visibility and signage opportunities for major tenants. The property is located within one mile of John Muir Hospital and numerous retail amenities and is well suited for medical tenants with easy access off Ygnacio Valley Road. This year, ownership has plans to make improvements to Ygnacio Woods such as upgrades to common areas to include lobby and bathrooms with new tile, carpet, paint and a new monument sign and building directory. Also planned is a renovation of the landscaping and repainting of the building.
Diablo Clinical Research was established in 1995 and has conducted more than 600 studies and clinical trials with thousands of patients. John Donatoni of R&D Commercial Properties represented the tenant in the transaction.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern and @TranswesternSF.
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