Delaware based firm Align Technology has signed a seven-year lease on a 129,000 sq-ft office complex in San Jose, CA. Align will move from it's current location on Martin Ave. in near by Santa Clara. The details of the new headquarters include a covered walkway to connect the two buildings on Orchard Parkway. Equity Office is named as the party responsible for the new addition.
Commercial real estate firm, Carr NP Properties, LLC, is the lessor in this $12.5 million deal. Included in this package, Carr is to allow for $2.58 million worth of property improvements. According to a press release, at the end of the initial seven year contract, "...the Company has two options to extend the term of the lease for successive periods of five years."
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