Meta Subleases 52.4k SF Fremont Office Space To CymaBay Therapeutics

Biopharmaceutical firm CymaBay Therapeutics has leased a 52,400-square-foot office located at 7601 Dumbarton Circle in Fremont. The lease was signed with Meta, the parent company of Facebook, with a nine-year sublease. The office space will serve as CymaBay Therapeutics' new location, replacing its current offices in Newark. The lease agreement includes an asking rent of $55,362 per month for a period of 10 months. Additionally, CymaBay Therapeutics will receive 13 months of free rent as part of the agreement with Meta.

Summary of transaction details

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 7601 Dumbarton Circle
• Market: Fremont
• Landlord: Meta - Mark Zuckerberg
• Tenant: CymaBay Therapeutics - Sujal Shah
• Asking Rent: $55,362 per month
• Lease Term: 9 years

The lease agreement between CymaBay Therapeutics and Meta was facilitated by Mark Zuckerberg, representing Meta as the landlord's representative. Sujal Shah, the CEO of CymaBay Therapeutics, negotiated the lease agreement on behalf of the tenant. This transaction marks a significant move for CymaBay Therapeutics, providing them with a larger office space in a prominent location. The nine-year lease term demonstrates the company's commitment to the Fremont market and its future growth plans.