WASHINGTON, Oct. 19 /PRNewswire-FirstCall/ -- CarrAmerica Realty
Corporation (NYSE: CRE) today announced that MediVas LLC has leased 47,000
square feet at Carroll Vista Center in San Diego, California. MediVas is
expanding to accommodate its anticipated growth. The company will be
occupying 6275 Nancy Ridge this month.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990820/CRELOGO )
CarrAmerica Vice President/Director of Operations for Southern California,
Phil Matchett, commented, "We're very pleased that MediVas, a cutting-edge
company with impressive growth potential, has chosen a CarrAmerica building
for its state-of-the-art laboratory and office space."
"We are extremely pleased to be able to move into this state-of-the-art
building," commented Kenneth Carpenter, President and CEO of MediVas. "This
move enables MediVas to continue the rapid expansion of our proprietary drug
delivery systems into additional markets while enabling MediVas to meet the
increasing manufacturing requirements of our existing clients."
Located in the Sorrento Mesa submarket, Carroll Vista Center has
convenient access to San Diego's entire freeway network and an abundance of
nearby amenities, including the University Towne Center regional mall, Mesa
Market Center, and numerous restaurants, banks and business services.
Founded in 1998 and headquartered in San Diego, California, MediVas is a
leading developer of next-generation bioabsorbable drug delivery platforms.
CarrAmerica owns, develops and operates office properties in 12 markets
throughout the United States. The company has become one of America's leading
office workplace companies by meeting the rapidly changing needs of its
customers with superior service, a large portfolio of quality office
properties and extraordinary development capabilities. Currently, CarrAmerica
and its affiliates own, directly or through joint ventures, interests in a
portfolio of 294 operating office properties. CarrAmerica's markets include
Austin, Chicago, Dallas, Denver, Los Angeles, Orange County, Portland, Salt
Lake City, San Diego, San Francisco Bay Area, Seattle and metropolitan
Washington, D.C. For additional information on CarrAmerica, including space
availability, visit our web site at http://www.carramerica.com.
SOURCE CarrAmerica Realty Corporation
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