{"id":1004144893,"date":"2016-05-26T04:41:12","date_gmt":"2016-05-26T12:41:12","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004144893"},"modified":"2022-03-03T04:17:55","modified_gmt":"2022-03-03T12:17:55","slug":"atheromed-expands-menlo-park-presence-following-new-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/atheromed-expands-menlo-park-presence-following-new-lease\/","title":{"rendered":"AtheroMed Expands Menlo Park Presence Following New Lease"},"content":{"rendered":"<p><em>By Alex Girda<\/em><\/p>\n<p><strong>Menlo Park, Calif.<\/strong>\u2013Although in recent months the <a href=\"https:\/\/www.commercialsearch.com\/news\/san-francisco\/\" target=\"_blank\" rel=\"noopener\">Bay Area<\/a> has lost its hold on the title of <a href=\"https:\/\/www.commercialsearch.com\/news\/best-cities-in-the-country-for-tech-startups-and-what-got-them-to-the-top\/\" target=\"_blank\" rel=\"noopener\">best place to launch a startup<\/a>, the tech and biotech communities by the Bay are still thriving.<\/p>\n<p>A case in point would be the recent expansion completed by AtheroMed, a medical device startup located in Menlo Park. The biotech company was purchased by the <a href=\"https:\/\/intl.volcanocorp.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Volcano Corp.<\/a> back in 2014 for roughly $115 million; Volcano was then purchased by Philips in a deal worth $1.2 billion.<\/p>\n<div id=\"attachment_1004144898\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004144898\" data-attachment-id=\"1004144898\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/atheromed-expands-menlo-park-presence-following-new-lease\/menlo-business-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg\" data-orig-size=\"1200,750\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Menlo Business Park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Menlo Business Park&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg?w=1024\" class=\"wp-image-1004144898 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg\" alt=\"Menlo Business Park\" width=\"300\" height=\"188\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg?resize=300,188 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg?resize=768,480 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/Menlo-Business-Park.jpg?resize=1024,640 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004144898\" class=\"wp-caption-text\">Menlo Business Park<\/p><\/div>\n<p>The company inked an agreement that will nearly double the amount of space it occupies at Menlo Business Park. Following the lease, AtheroMed will move from its 6,700 square feet at 1455 Adams Drive in Tarlton\u2019s Menlo Labs campus, to a space totaling 10,000 square feet at 1530 O\u2019Brien Drive. Both assets are controlled by a joint venture between <a href=\"https:\/\/www.principalglobal.com\/principal-real-estate-investors\" target=\"_blank\" rel=\"nofollow noopener\">Principal Real Estate Investors<\/a> and <a href=\"https:\/\/www.tarlton.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Tarlton Properties<\/a>. During the <a href=\"https:\/\/www.commercialsearch.com\/news\/leasing\/\" target=\"_blank\" rel=\"noopener\">leasing<\/a> process, the tenant worked with representation from JLL, while the landlord was advised by a Kidder Matthews team.<\/p>\n<p>AtheroMed\u2019s flagship product is the Phoenix Atherectomy System, which helps treat peripheral arterial disease by increasing blood flow through the opening of narrowed coronary arteries.<\/p>\n<p>Menlo Business Park is located on a 50-acre lot in Menlo Park, Calif., and offers roughly 900,000 square feet of space across 18 buildings. The campus offers startups proximity to Stanford University and the Stanford Research Park, as well as to a number of the area\u2019s main transit lines.<\/p>\n<p><em>Image courtesy of Tarlton Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The medical startup is responsible for a device that helps treat peripheral arterial disease. <\/p>\n","protected":false},"author":41,"featured_media":1004144898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21754,21742,21747,1609,21787,15],"tags":[],"class_list":["post-1004144893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-medical-office","category-latest","category-office","category-san-francisco","category-technology","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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