Cassidy Turley Significant Deals in Northern California – August 2, 2013

Published on August 02, 2013


Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced

Oakland’s 1000 Broadway Boosts Occupancy by ±63,000 SF, Adds Major Tenant, Oakland Unified School District plus SEIU and Alameda County Bar Association
John Dolby and Dane Hooks with Cassidy Turley represented long-time property owner Sparknight, LLC in three new leases at 1000 Broadway, quickly adding ±63,000 square feet of occupancy to the Class A office building located in Oakland’s City Center. The largest of the new tenants is Oakland Unified School District (OUSD), which leased a total of 52,323 square feet on multiple floors. The school district will be relocating its main administrative offices to its new mid-rise building in July. In addition to OUSD, 1000 Broadway also recently added Service Employees International Union (SEIU), which leased 6,917 square feet as well as the Alameda County Bar Association, which leased 3,688 square feet of space. Barry W. Cohn and David Englert also of Cassidy Turley represented Alameda County Bar Association in their new lease.

Referred to as the Trans Pacific Centre, 1000 Broadway is a 6-story, ±330,500-square-foot Class A office mid-rise positioned in the heart of Oakland’s City Center. The property is located close to historic Old Oakland with the Oakland Convention Center and Marriott City Center just across the street and Marriott Courtyard Hotel right next door. With its six-story atrium skylights, 1000 Broadway is one of the most energy-efficient and green buildings of its class. It is also convenient for commuters, positioned directly across from the 12th Street/Oakland City Center BART station while two AC Transit bus stops and the free Broadway B shuttle are just steps away. Sparknight has owned the property for almost 30 years.   

According to Cassidy Turley research, the Oakland Unified School District represents the largest office lease transacted in Oakland year-to-date.

 

W3 Partners Signs Long-Term Deal with Ciena Corp for 64,336 SF Building in North San Jose
Steve Horton, Alan Guterman, and Jon DeCoite with Cassidy Turley represented landlord W3 Partners in the lease of a 64,336-square-foot R&D building in North San Jose to new tenant Ciena Corp. The networking specialist company signed a long-term lease agreement for the entire building located at 3939 North First Street, a freestanding single-story building that is in process of major interior and exterior renovations. Ciena is scheduled to relocate its offices from nearby on Technology Drive in the San Jose Airport area this fall. Ciena is headquartered in Maryland, and this will represent the company’s only Bay Area office.

 

California Ripped Fitness to Open 22,000 SF Health Club at San Jose’s Gould Plaza This Summer
Kevin Sweatt with Cassidy Turley in collaboration with Cole Sweatt of Voit Real Estate Services represented tenant California Ripped Fitness in the new lease of 22,000 square feet of space at Gould Plaza shopping center in San Jose for a full service health club. The property is located at 1035 East Capitol Expressway and is owned by HKN IV, LLC. California Ripped Fitness signed a long-term lease for its newest Northern California location, which is scheduled to open later this summer. Founded in 2012, California Ripped Fitness is based in the Sacramento Valley where it operates a single locally-owned facility. The San Jose gym will be their second location in Northern California, with future plans for additional locations.

California Ripped Fitness strives to promote a healthy lifestyle through convenience, affordability, state-of-the-art facilities and programs that provide a special and distinctive value to its members. The gym offers strength, cardio and athletic equipment, as well as group exercise classes and personal training.

 

FrontRow Relocates Petaluma Headquarters to Nearby First Class Industrial/Flex Facility
Trevor Buck, Steven Leonard and Brian Foster with Cassidy Turley have negotiated a new agreement on behalf of both tenant FrontRow and landlord PB&J Acquisitions in the leasing of 22,599 square feet of industrial/flex space at 1690 Corporate Circle in Petaluma. FrontRow, which focuses on communication and device control technologies, is a single entity formed by companies FrontRow and Calypso Systems almost two years ago. FrontRow will be relocating its Petaluma headquarters about a half mile east from 2080 Lakeville Highway. Calypso remains headquartered in St. Paul, Minnesota.1690 Corporate Circle is a first class office and warehousing facility located adjacent to Schollenberger Park and across from Adobe Creek Retail Center. Leonard, Buck and Foster represented PB&J, with Buck also solely representing FrontRow in the transaction.

 

Cassidy Turley provides this information based on best-available knowledge and does not warrant accuracy provided us by 3rd parties. For further verification and/or questions, please contact the brokers listed below with the particular news announcement.


About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,800 professionals in more than 60 offices nationwide. With headquarters in Washington, DC, the company represents a wide range of clients—from small businesses to Fortune 500 companies, from local non-profits to major institutions. The firm completed transactions valued at $22 billion in 2012, manages approximately 400 million square feet on behalf of institutional, corporate and private clients and supports more than 23,000 domestic corporate services locations. Cassidy Turley serves owners, investors and tenants with a full spectrum of integrated commercial real estate services—including capital markets, tenant representation, corporate services, project leasing, property management, project and development services, and research and consulting. Cassidy Turley enhances its global service delivery outside North America through a partnership with GVA, giving clients access to commercial real estate professionals in 65 international markets. Please visit www.cassidyturley.com for more information about Cassidy Turley.

Contact:
Mark Bollozos
415.781.8100


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