{"id":1004451694,"date":"2020-05-25T04:41:02","date_gmt":"2020-05-25T12:41:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004451694"},"modified":"2025-02-26T03:19:53","modified_gmt":"2025-02-26T11:19:53","slug":"stream-realty-negotiates-lease-renewal-for-los-angeles-biotech-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stream-realty-negotiates-lease-renewal-for-los-angeles-biotech-firm\/","title":{"rendered":"Stream Realty Negotiates Lease Renewal for Los Angeles Biotech Firm"},"content":{"rendered":"<div id=\"attachment_1004451712\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Marina-Business-Center-e1590395217910.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004451712\" data-attachment-id=\"1004451712\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stream-realty-negotiates-lease-renewal-for-los-angeles-biotech-firm\/marina-business-center\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Marina-Business-Center-e1590395217910.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" 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=\"Marina Business Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Marina Business Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Marina-Business-Center-e1590395217910.jpg?w=640\" class=\"wp-image-1004451712 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Marina-Business-Center-e1590395217910.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Marina-Business-Center-e1590395217910.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/05\/Marina-Business-Center-e1590395217910.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004451712\" class=\"wp-caption-text\">Marina Business Center<\/p><\/div>\n<p>Stream Realty Partners has arranged a 35,453-square-foot lease renewal for <a href=\"https:\/\/www.commercialsearch.com\/news\/behind-the-projected-growth-of-life-sciences-in-2020\/\">biotechnology<\/a> company Armata Pharmaceuticals at the Marina Business Center in Los Angeles. Senior Vice President Tim Dwight and Senior Associate Caleb Hodge facilitated the deal. The transaction represents the largest biotech office lease deal in West Los Angeles, thus far in 2020, according to Stream Realty.<\/p>\n<p>The 280,000-square-foot Marina Business Center came online in 1982, comprises 43,000-square-foot floorplates and features 1,260 parking spaces. According to Yardi Matrix data, the property last traded in 2003, when Hankey Investment Co. paid $42.5 million for it.<\/p>\n<p>Located at&nbsp;13160 Mindanao Way on approximately 12 acres, the four-building property is part of the Silicon Beach submarket, which is home to Tesla, Sony and Knotel, among others. The surrounding area has several dining options and the Marina is 2 miles from the property. The asset&nbsp;is also 5 miles from Los Angeles International Airport.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in&nbsp;<\/em><a href=\"https:\/\/www.surveymonkey.com\/r\/BrokersCorner\" target=\"_blank\" rel=\"noopener\"><strong><em>our short form<\/em><\/strong><\/a><em>&nbsp;or send your deal to&nbsp;<\/em><a href=\"mailto:deals@cpe-mhn.com\" target=\"_blank\" rel=\"noopener\"><strong><em>deals@cpe-mhn.com<\/em><\/strong><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senior Vice President Tim Dwight and Senior Associate Caleb Hodge arranged the 35,453-square-foot deal.<\/p>\n","protected":false},"author":868,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1594,21742,21747,15],"tags":[33358],"class_list":["post-1004451694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-los-angeles","category-latest","category-office","category-west","tag-stream-realty-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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