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Roseville Innovation Park

Penumbra’s Expansion Brings Total Occupancy to 254,000 SF

Penumbra recently expanded into an additional 96,505 square feet of class-A office/lab space in the Roseville Innovation Park at 620 Roseville Pkwy. The company’s new lease within the multi-building park will bring its total occupancy to more than 254,000 square feet.

The asset is owned by a joint venture between Farallon Real Estate Partners and Strada Investment Group. Roseville Innovation Park is part of the Hewlett Packard Campus Oaks Master Plan, a mixed-use community on 375 acres in Roseville.

Ron Thomas, Chris Schwarze, Bruce Hohenhaus and Kevin Partington with Cushman & Wakefield’s Sacramento office represented the landlord.

“It is further indicative that as companies continue to carefully strategize around their workplace decisions in order to meet their future employee and business growth needs and objectives, they are still in need of office space,” says Thomas. “Sacramento continues to offer great opportunity for companies that may have ties to the San Francisco Bay Area due to its proximity as well as quality real estate and affordable living. As one of the premier submarkets in the Greater Sacramento region, Roseville offers a wide variety of amenities, retail establishments, city services and recreational activities. Another significant benefit to the area is that its municipal-owned utility provides power to both businesses and residences at affordable rates.”

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Ron Thomas

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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