PsiQuantum signed a long-term lease for a research and development building at 275 South Hillview Drive in Milpitas. The asset type is industrial with a total area of 127,574 square feet. The property was previously utilized by Analog Devices and has been upgraded with clean room infrastructure and enhanced power capabilities to support high-end research.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Lease Term: Long-term
• Address: 275 South Hillview Drive
• Market: Milpitas
• Landlord: Bob Basso - Cannae Partners; Michael Elrad - GEM Realty Capital
• Tenant: Jeremy O'Brien - PsiQuantum
• Landlord's Representative: Kelly Yoder, Steve Horton & Todd Beatty - Cushman & Wakefield
• Tenant's Representative: Damon Schor - CBRE

The agreement involves key players in the commercial real estate market, including landlords Bob Basso and Michael Elrad, who represent Cannae Partners and GEM Realty Capital respectively. Tenant Jeremy O'Brien represents PsiQuantum, while representatives Kelly Yoder, Steve Horton, and Todd Beatty work for Cushman & Wakefield on the landlord side, and Damon Schor from CBRE represents the tenant.