Press Release

As Bay Area office vacancy rates see uptick, Briggs Development bucks the trend, signing two new tenants

Harman International Industries, Inc. and EDAP TMS/Focal One signed leases in Sunnyvale and Los Altos, respectively
November 17, 2023

November17, 2023, SanJose, CA – Amid Bay Area office vacancy rates surgingto twenty two percent according to Cushman & Wakefield, San Jose-basedBriggs Development announces it has signed two new tenant leases. TheBriggs Development team has a proven track record of creating value at avariety of locations throughout the Bay Area.

“There are some compelling opportunities available for thosein the office market reviewing their space needs and looking for somethingnew,” said Briggs Development President Jeffrey Rogers. “Briggs Development is proud to partner with someamazing companies making a difference in the world.”

Harman International Industries, Inc., aglobal leader in connected car technology, lifestyle audio innovations,professional audio and lighting solutions, and digital transformation, hasleased a portion of 447 Indio in Sunnyvale. Located at Peery Business Park, Briggsclosed on the property at the end of 2022 before renovating and reintroducingthe building to market this year. Roughly 19,000 SF of the +/- 31,515 squarefoot property remains available for lease. For more information about HarmanInternational Industries, Inc., visit HARMAN International Industries,Inc.

Briggsalso welcomed EDAP TMS/Focal One to 4410 El Camino Real in Los Altos. With easy access to Highways 280 and 101, thestand-alone, Class A building offers two floors of open, collaborative officespace with soaring ceilings. EDAP TMS (NASDAQ: EDAP) is the global leader intherapeutic ultrasound. EDAP TMS develops, manufactures, promotes, anddistributes minimally invasive medical devices for urology based uponproprietary ultrasound technology. EDAP TMS has an active operating worldwidenetwork of corporate offices, subsidiaries, and distribution partners. Byinvesting in Research & Development, EDAP TMS is committed to partneringwith world-class research laboratories and internationally renowned medicalinstitutions. Over the course of the last 40 years, EDAP TMS has developed arobust patent portfolio based on its innovative technologies. Formore information on EDAP TMS/Focal One, visit EDAP TMS/Focal One.