Kids & Family
New Leases at Hamilton Landing Viewed as Good Sign for Novato's Economy
86,000 square feet of commercial space recently leased, although vacancy rate remains slightly higher than county average
A spate of new leases at Hamilton Landing is being lauded as a good sign for Novato's economy, bringing high-wage jobs to town, the Marin Independent Journal is reporting.
The new leases include an expansion by 2K, a video-game company, that is increasing office space by 25,000 square feet, according to the IJ. Raptor Pharmaceutical, which focuses on treating rare diseases, has leased a total of 42,000 square feet, and EDG Interior Architecture, a San Rafael company, is leasing 19,000 square feet of space, according to the IJ.
The new leases total 86,000 square feet, not insignificant for the 406,000-square-foot office complex that has been hard hit by Disney’s departure in 2010.
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Despite the new leases, the vacancy rate at the business park remains 18 percent. Prior to Disney leaving Novato, 100 percent of available commercial space had been leased.
Click here to read the full story in the Marin IJ.
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