Gemalto Cogent Signs $14M Lease in Pasadena

3100 New York Drive

Biometrics firm Gemalto Cogent Inc. has signed a $14 million lease at an office building in Pasadena, CBRE Group Inc. announced March 27.

The lease is for a 54,811-square-foot office space at 3100 New York Dr.

CBRE’s Kevin Duffy and Bennett Robinson represented the tenant. CBRE’s Natalie Bazarevitsch and Jackie Benavidez represented the landlord, San Francisco-based Graymark Capital and Chicago-based Blue Vista Capital Management, a joint venture partnership.

Gemalto is relocating from nearby at 600 N. Sierra Madre Villa Ave.

Its new space includes building signage.

Bazarevitsch said in a statement building improvements and the availability of parking made the spot enticing to Gemalto.

Commercial real estate reporter Hannah Madans can be reached at hmadans@labusinessjournal.com. Follow her on Twitter @HannahMadans

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