Burlingame, California – November 8, 2011 - The listing team of Mike Moran, SIOR, Ben Paul, Michael Courson, and Mike Connor with leading commercial real estate firm Cassidy Turley have represented property owner Starwood Capital Group in the new lease of 119,730 square feet of Class A office space at the Pacific Shores Center in Redwood City. The tenant is Zazzle, Inc., the world’s leading platform for quality custom products, which signed a long-term lease agreement for the entire building located at 1800 Seaport Boulevard.
Zazzle will be relocating and expanding its operation threefold from approximately 36,750 square feet that it had been subleasing at an adjacent building within the Pacific Shores Center. Their new headquarters at the 1800 building is currently occupied by Dreamworks SKG, which will simultaneously be relocating and expanding to a larger building within the project. Zazzle’s new headquarters is situated on the eastern edge of the project providing sweeping views across the Bay and beyond.
Mr. Moran stated, “With the ongoing recovery of our region’s office/R&D commercial markets, the increased demand for high quality space at Pacific Shores has been widespread. This demand is mirrored along the Peninsula and the Silicon Valley, where the professional service and high-tech industries fuse.” He added, “Pacific Shores Center’s culture setting environment makes it a tremendously attractive site for a variety of users, including professional offices, technology, pharmaceutical, biotech, and research firms—both large and small. Set in a centralized Mid-Peninsula location along the waterfront, this state-of-the art project provides the world-class amenities that many of today’s sophisticated companies desire.”
Zazzle is among several tenants that have recently penned deals at the sought after Pacific Shores Center, a campus which has seen its occupancy improve quickly over the last year. The project has signed a slew of deals between 10,000 square feet to 120,000 square feet in the past 12 months, a combination of new, renewal, expansion and sublease transactions. In addition to Zazzle, these deals have consisted of major companies such as Ingenuity Systems (41,097 square feet—renewal/expansion), Wildfire Interactive, Inc. (34,210 square feet—new tenant), Seven Networks (31,934 square feet—renewal/sublease), Zenprise, Inc. (23,848 square feet—new tenant), and Sencha, Inc. (10,260 square feet—new tenant). The project has also added another roughly half dozen tenants below 10,000 square feet since last October.
Located on the shores of the San Francisco Bay, Pacific Shores Center is a world-class campus environment composed of 10 buildings totaling ±1.7 million square feet. The Center features a 38,000-square-foot fitness center, full baseball/softball fields, and a 3-mile nature walk along adjacent wetlands. It provides convenient access to Highways 101 and 84. For more information, visit www.pacificshores.com.
Zazzle, which was represented by Mark Daschbach and John McKenna of Cornish & Carey Commercial in the transaction, is also currently leasing roughly 130,381 square feet of industrial space in San Jose for product development.
Zazzle’s proprietary technology enables individuals, professional artists, and major brands, including Disney and Hallmark, to create and offer billions of unique products for customers worldwide. Zazzle’s rapidly expanding product base covers every topic imaginable and includes t-shirts, business cards, invitations, in addition to a variety of custom gifts. Launched in 2005 and based in Redwood City, California, Zazzle’s vision is to redefine commerce, powered by the world’s imagination.