Development Case Study

Redevelopment to meet current market demand

2975 San Ysidro Way, Santa Clara

TYPE: R & D		SQ FT: 22,000		COMPLETION: 1999
OWNER: Kifer-San Ysidro Joint Venture #2		RENAULT & HANDLEY ROLE: Broker, Manage, Develop

Project Summary

1964   Renault & Handley constructed a 22,000 square-foot industrial building which became then-start-up National Semiconductor’s Building #1, located in the midst of what would later become the company’s headquarters campus.  

1998   After a 34-year tenancy, Renault & Handley redeveloped the property to serve a new generation of high-tech industry pioneers, performing a seismic upgrade, installing a new roof, cutting in an extensive windowline, giving the building an attractive new façade treatment, installing a new parking lot and then embellishing the site with new landscaping and site amenities. Finally, we installed new interior improvements suited to modern research & development.

1999   Renault & Handley leased the renovated property prior to its completion and it has been fully leased since.

Renault & Handley Services Provided:

• Identifying building and interior modifications based on market demand
• Obtaining competitive bids from contractors, engineers and architects
• Value-engineering the scope of work to meet budget
• Monitoring construction
• Obtaining construction and permanent financing
• Administering construction loan draw-downs and progress payments to contractors and subs
• Financial reporting to lender and partners
• Obtaining lien releases
• Leasing brokerage

 

ADDITIONAL CASE STUDIES

645 Ellis Street, Mtn View
2550 Hanover, Palo Alto