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NORTHERN CALIFORNIA - OCTOBER 14, 2019
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Roku Establishes Four Building Campus Near the San Jose Airport
October 14 – San Jose, CA – Roku, Inc. recently increased its San Jose footprint, taking over the 162,557-square-foot space in Building 1 of Coleman Highline, previously leased to 8x8, Inc. Roku makes online media devices for entertainment streaming. Represented by Phil Mahoney, Jeff Rodgers and Andy Hueser of Newmark Knight Frank San Jose, Roku’s total square footage in the project is now 716,285. 8x8 had one foot out the door, eyeing a potential move to 675 Creekside Way in Campbell. Fortunately for both parties, NKF was able to negotiate an assignment of the lease instead of a sublease so that Roku could take the space on a direct basis.
Bay Meadows Finds New Tenant
October 14, 2019 – San Mateo, CA – Christian Prelle and Carter Lyman of NKF Palo Alto represented Sublessee Upstart Holdings in a 48,353-square-foot transaction at 2950 Delaware Street in San Mateo. Upstart Holdings is a finance technology company that uses machine-learning technology to predict creditworthiness in its online lending marketplace. Graham Woodall of NKF San Mateo and Jeff Rodgers of NKF San Jose represented the Sublessor, Snowflake Inc, creator and owner of the only cloud-based data warehouse, giving companies the flexibility of big data platforms and the elasticity of the cloud.
Glu Mobile, Inc. Leases Space in the West Tower of Parkside Towers
October 14, 2019 – Foster City, CA- Josh Rowell and Craig Kalinowski of NKF San Mateo represented Landlord Heitman, LLC in Glu Mobile’s 24,539-square-foot lease at Parkside Towers, located at 1001 East Hillsdale Boulevard in Foster City. The mobile gaming company is set to occupy the space on the fifth floor of this Class A office building through January 2027.
Havas Signs New Lease in North Financial District
October 14, 2019 – San Francisco - Lauren Whitlock and Liz Hart of NKF San Francisco represented Havas San Francisco in signing a lease for a 17,476-square-foot recently turn-keyed spec suite on the 18th floor of 345 California Street. Havas, headquartered in Paris, France, is one of the largest global advertising and communications groups in the world. Havas is excited to be moving to a more central location to connect with clients throughout the city.
Sage Intacct Expands Further in Riverpark Towers
October 14, 2019 – San Jose – Mike Saign, Phil Mahoney, Anne Ralston, and Joe Kelly of Newmark Knight Frank San Jose represented building owners DivcoWest and Rockpoint Group in their lease negotiations with tenant Sage Intacct at 300 Park Avenue in downtown San Jose. As one of two buildings that make up Riverpark Towers, 300 Park Avenue has been home to the cloud services firm since 2014. This lease not only renewed Sage Intacct’s existing space, but expanded their lease to an additional floor and increased their footprint to a total of 118,410 square feet over six floors. Riverpark Towers is one of downtown’s most prominent Class A office projects, and is home to several other notable tenants such as Cohesity, Okta and Nokia.
Lincoln Building Sells To Local Investor
October 14, 2019 – Lincoln, CA – Brian Barnes and Ken Noack of NKF Sacramento represented the Seller, Flocchini Group LLC, in the sale of 110 Flocchini Circle in Lincoln. This multi-tenant industrial building is 32,400 square feet and was built in 1994. On the market for just over 10 months, this was an investment sale that traded for $73.89/SF to a local investor. Seven out of the nine units were occupied at the time of sale.
Information contained herein has been given to us by sources we deem reliable. We have no reason to doubt its accuracy, but make no guarantee, warranty or representation about it. For more information, please contact the relevant brokers listed below:
Contact Information (Alphabetical by Last Name):
About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com. Newmark group is a publicly traded subsidiary of BGC Partners, Inc. ("BGC") (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets. |
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3055 Olin Avenue Suite 2200, San Jose, CA 95128 408-727-9600
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.
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