DRAWBRIDGE REALTY EXTENDS LEASE WITH MEDTRONIC
Santa Rosa, CA - April 14, 2017 - Drawbridge Realty, a San Francisco based real estate investment company, announced a seven year lease extension with Medtronic, plc (NYSE: MDT) on their two building 126,585 sq. ft. asset located at 3850 & 3880 Brickway Boulevard in Santa Rosa, CA. With this long-term extension, Medtronic plans to expand their research and development functions within both buildings.
The early lease extension is attributable to the proactive approach by Drawbridge to respond to the needs of Medtronic and reaching an agreement on a capital plan that created long-term value for both parties.
"We take great pride in our close relationship with our tenants and we value working with each tenant on their evolving real estate needs. This is a strategic location for Medtronic long-term and we look forward to continuing our excellent relationship with Medtronic," says Bill Doyle, Vice President of Investments at Drawbridge Realty.
Stephen Carlson and Jessica Mogilkaz of Cresa represented the tenant and Drawbridge Realty was represented by Niels vonDoepp, Brian Foster, and Trevor Buck of Cushman & Wakefield.