California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Bay Area  + Healthcare  | 
BD Obtains Lease at Silicon Valley R&D Campus

BD Obtains Lease at Silicon Valley R&D Campus

Medical technology firm, Becton, Dickinson and Company (BD), has signed a long term lease at Park Point, a research and development facility on North McCarthy Boulevard in Milpitas, CA. With the 240,000 square feet leased, BD Biosciences will occupy one entire building and nearly half of another.

JLL represented BD in the agreement, while Newmark handled the transaction for the property owner, Embarcadero Capital Partners and PCCP, LLC. Park Point offers large, efficient floorplates that are ideal for enabling innovation-based life science companies.

Other amenities offered by the three-building campus include a fitness center, pickleball court, outdoor kitchen and barbecue, volleyball court and redwood grove. Park Point has easy access to Interstate 880 and Highway 237, and is also situated near light rail and the new Milpitas BART Station. In addition, it’s within walking distance of several restaurants, retail outlets and hotels.

Connect

Inside The Story

NewmarkBecton, Dickinson and Company (BD)

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

Step 1: Select Education
  • ◦Lease