Smaller Companies Eye East Bay for Cheaper Office Space
April 8, 2011
By George Avalos

Tech firms have wolfed down big chunks of office space in Silicon Valley and San Francisco lately, and that's prompted some smaller firms to shift operations to Newark.

Synarc, StemCells and iMANY are among the latest companies to rent space in Newark's nine-building Pacific Research Center, a 1.4 million-square-foot complex near the Dumbarton Bridge.

... After scouring the Bay Area for a new location, Synarc decided it would be best to leave the San Francisco high-rise where its headquarters were, said Matthew Hart, a broker with the Studley commercial realty firm's San Francisco office.

"Synarc selected the Pacific Research Center in Newark as the optimal, long-term headquarters for the company," Hart said. "So moving to a single floor in a creative/life-science park near clients unlocks opportunity for the company." ...

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