SAN DIEGO – Cassidy Turley San Diego, the region’s market leader in commercial real estate services, today announced that Square Peg Packaging & Printing, LLC has nearly tripled its office and industrial space and signed a $2.25 million lease for a 72,220-square-foot building located at 5260 Anna Avenue.
Kevin Meissner and Glenn Arnold of Cassidy Turley represented Square Peg in the sublease transaction. Derek Applbaum of Colliers International represented the sublessor, Hajoca.
“Square Peg rapidly outgrew its current office space; it has consistently grown at a rate of about 35% each year since the company opened its doors six years ago,” said Meissner. “Cassidy Turley found Square Peg a building that met the company’s current and future facility needs. The flexible lease term and aggressive rent concessions achieved on the new lease combined with the negotiation of an early termination of the current lease allowed Square Peg to relocate faster and with much less hassle. At the end of the day, we were able to protect Square Peg from risk while simultaneously obtaining the best economic terms and flexibility possible.”
“Cassidy Turley did an incredible job with this project,” said John Kellogg, President of Square Peg. “Kevin and Glenn possess a very rare combination of market knowledge, business acumen and negotiating skills. Their enthusiastic approach resulted in finding the right building at the right terms, which will ultimately allow Square Peg to continue our rapid growth without interruption. I would highly recommend Cassidy Turley to anyone with a need for commercial real estate space.”
About Cassidy Turley
Cassidy Turley is a leading commercial real estate services provider with more than 3,700 professionals in more than 60 offices nationwide. 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 2011, manages 455 million square feet on behalf of institutional, corporate and private clients and supports more than 28,000 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 of 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.
Cassidy Turley provides regional real estate services with local market leader Cassidy Turley San Diego. The company’s dominant market presence includes more than 160 professionals and staff in five local offices and recorded more than $1.2 billion in transactions in 2011. For more information about Cassidy Turley San Diego, please visit www.cassidyturley.com/sandiego or contact Dan Broderick, President and CEO of Cassidy Turley San Diego.
About Square Peg Packaging and Printing, LLC
Square Peg is an industry leading supplier of packaging materials, printed products and contract services. The company services a diverse group of market segments including electronics, food processing, brewing/beverage, biotech, sporting goods and general manufacturing. Headquartered in San Diego, Square Peg has been listed for three years running on both the San Diego Business Journal list of Fastest Growing Private Companies and the Inc Magazine List of Fastest Growing Private Companies nationally. The Services Division offers assembly and kitting, as well as a full turnkey solution for e-store development and fulfillment. The company’s packaging and printing product line ranges from simple everyday print and shipping supplies all the way to full graphic retail displays and high end commercial print. For more information about Square Peg Packaging and Printing, please visit www.teamsquarepeg.com or contact John Kellogg, President of Square Peg.