X-Message-Number: 763
Subject: CRYONICS - ALAVIE Building Closes
From:  (Edgar W. Swank)
Date: Thu, 23 Apr 92 11:37:50 PDT

I'm happy to announce that the investment group ALAVIE has
closed escrow and now is the official owner of the new
building in Sunnyvale.
 
The purchase price can now be revealed. $1,250,000.
 
This computes to about $33.16/sq. foot.  Compare this "overpriced
California real estate" to the $43/sq ft for the building Alcor
was considering in Scottsdale or the $41 and $36/sq ft for the
buildings in Tempe mentioned by Michael Paulle.
 
Since the move to Scottsdale has been canceled (as I gather from
reading here), presumably Alcor is again looking for new quarters.
 
I have checked with Carmen Brewer, founder of Alavie; she tells me
Alcor would be welcome as a tenant in our new building. Tentative
monthly lease rates:
 
     Warehouse:  .40/sq foot.
     Lab:        .49/sq foot.
     Office:     .75/sq foot.
 
These are all negotiable. Especially the office rate may be discounted
as part of a package of lab and/or warehouse space. By the way, the
warehouse space has four enormous roll-up exterior doors.
 
To get more information or schedule a showing contact:
 
  Carmen Brewer
  15045 Herring Ave.
  San Jose, CA 95124
  (408)559-3596
 
I'm told Saul Kent will be visiting the building Monday 4/27 at 4pm.

--
 (Edgar W. Swank)
SPECTROX SYSTEMS +1.408.252.1005  Silicon Valley, Ca

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