PASADENA, CALIFORNIA – Insignia PMG represented Glassimetal Technology in consummating a lease for a new engineering and prototype center in Pasadena, California. The lease was finalized late last week. Located at the Rexford Technology Center, Glassimetal Technology will utilize the space to continue work began at the California Institute of Technology, improving Glassimetal alloys and finding new ways to process metallic glass.
About Glassimetal Technology
Founded in 2010 by William L. Johnson and colleagues at Caltech, Glassimetal Technology will focus on commercializing metallic-glass alloys, using a new kind of production technique technology discovered by Johnson and his team. Stronger and tougher than steel or titanium, metallic glass is an ideal material for everything from medical instruments to aircraft components. Metallic glasses are not transparent glass---they are metals with the “disordered atomic structure of glass”, an exceptional combination of the strength associated with glass and the toughness of metals, says Johnson. Johnson’s team includes Marios Demetriou, company co-founder and Senior Research Associate at Caltech, Joe Schramm, Senior Scientist at Glassimetal , and Montague Rittgers, Operations Manager for Glassimetal.
About Insignia PMG
The Insignia PMG team representing Glassimetal Technology included lead broker Bryan Martin, Esteban Felix and Scott Schwartz, partners at Insignia PMG. This team brought over thirty years of real estate experience and the background required to negotiate a complex lease for a highly technical use. With a team resume including degrees in business, economics and science, along with a legal background, Insignia PMG is uniquely qualified to represent high tech companies. Insignia PMG’s Leasing Division provides comprehensive real estate brokerage services and solutions.
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