CPS CORFAC International Signs New Leases at Santa Clara Commerce Park

October 6, 2008 – Santa Clara, Calif. –CPS CORFAC International announced recently completed leases at Santa Clara Commerce Park in Santa Clara, a 251,413 square foot office/flex complex comprised of 11 buildings owned by PS Business Parks.

Recent transactions include a 7,262 square foot lease for Skyline Construction and a 7,000 square foot lease for Sonoa Systems. Both firms are expected to move in during the fourth quarter. CPS CORFAC International’s Mary Wadden, Scott Macdonald and Brian McClenahan represented PS Business Parks in the closed transactions.

The CPS team has completed 20 transactions since being awarded the marketing assignment earlier this year. Santa Clara Commerce Park was purchased by PS Business Parks from Commerce Communities in March of 2007 and since then has undergone extensive renovations including a new parking lot, new landscaping, exterior painting, complete interior renovations and the addition of an on-site leasing office and conference center.

“We’ve enjoyed tremendous leasing success at Santa Clara Commerce Park because it offers a great working environment for a diverse group of companies. In addition, the park’s location, capital improvements to facilities and competitive lease rates have contributed to rapid absorption,” said Associate Vice President Mary Wadden.

David Weinstein, Regional Manager Northern California with PS Business Parks added: “We are making similar strides with our other Silicon Valley Properties and have achieved 92 percent occupancy overall as of the third quarter this year.” PS Business Parks owns and manages approximately 1 million square feet in San Jose and Santa Clara.

Located in Santa Clara and the heart of Silicon Valley at the corner of Walsh Avenue and San Tomas Expressway, (the property is also across the street from NVIDIA’s campus near Highway 101), Santa Clara Commerce Park offers competitive lease rates from $0.80 to $1.15 per square foot on a triple net basis. Of the 11 buildings in the park, ten are single story and one is a two-story, full-service office building.

Other prestigious companies that have joined the roster of tenants at Santa Clara Commerce Park include NVIDIA, Tektronix, Verizon, and Lionel Train.