Flurry of signings follows recently completed renovations at office tower in Walnut Creek
SAN FRANCISCO (April 19, 2018) – Bocce ball, free lattes and coworking spaces are among the new amenities driving leasing success at Cal Plaza, a 10-story Class A office tower adjacent to the BART station in Walnut Creek. After undergoing more than $5 million in renovations, the building has emerged as a premier talent hub for the East Bay Area, and CBRE Global Investors today announced several new tenant signings and lease extensions.
The signings represent more than 25,000 square feet of new occupancy at Cal Plaza, which features tech-equipped conference rooms, collaborative coworking spaces, a full-service catering kitchen, outdoor plaza with recreational areas and open office layouts highlighted by spectacular views of Mt. Diablo. The latest agreements comprise a broad range of sectors that include technology, engineering, information services and healthcare. New tenants and lease expansions at the building with move-in dates are:
- Tactical Telesolutions – new lease (May 2018)
- KONE Elevators – new lease (October 2018)
- Berkley Insurance – expanded lease (April 2018)
- DayTwo – new lease (August 2018)
- lue Cross – lease renewal (May 2018)
Tactical Telesolutions and DayTwo are both migrating to Cal Plaza from offices tucked within San Francisco’s bustling city center, while KONE relocated from another office campus in the East Bay area. The lease expansion by Berkley Insurance follows the company’s recent decision to hire a significant number of new employees, leading to a search for upgraded office space.
“Our recent leasing momentum speaks volumes about the appeal of Cal Plaza and its ability to deliver a culture-driven workplace experience that improves employee productivity and bottom-line results,” said Kirk Beebe, senior vice president at CBRE. “We continue to see strong demand from a wide array of sectors, and are thrilled to welcome this talented and dynamic group of tenants to the building.”
Cal Plaza’s fast-growing tenant roster also includes tech-oriented firms like Yapstone, Skuid and Cypress HCM. The building’s close proximity to BART has proven to be attractive for employers in need of a diverse talent pool that spans the Bay Area.
“We looked at a number of offices across the Bay Area, and found Cal Plaza was the right choice for the company,” said Laura Hylton, founder and CEO at Tactical TeleSolutions. “Mass transit, fine dining and other attractions are within easy walking distance, and give Tactical TeleSolutions a considerable advantage in recruiting top talent. However, the elite amenities and services offered by 5-Star Worldwide really helped seal our decision as we wanted to offer only the best for our employees. The management team at Cal Plaza has been incredibly responsive and helpful. We look forward to calling the building home for many years to come.”
Other upgraded amenities for the 394,123-square-foot building include a state-of-the-art fitness center, modernized on-site café, brand new bocce ball court and valet parking service. Cal Plaza is also part of CBRE’s prestigious “5-Star Worldwide” program, which provides tenants access to a national network of top-tier office buildings.
Tenants of Cal Plaza are within minutes of hundreds of restaurants and retail destinations, including the popular Broadway Plaza shopping district in downtown Walnut Creek, as well as the future Walnut Creek Transit Village mixed-use development. Office workers can also utilize the city’s free trolley service that runs between downtown and the BART station on regular 15-minute intervals. The building also offers immediate access for commuters on Interstate 680 and State Highway 24.
About CBRE Global Investors
CBRE Global Investors is a global real asset investment management firm with $103.2 billion in assets under management* as of December 31, 2017. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.
CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE). It harnesses the research, investment sourcing and other resources of the world’s largest commercial real estate services and investment firm (based on 2017 revenue) for the benefit of its investors. CBRE Group, Inc. has more than 80,000 employees (excluding affiliates) and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visitwww.cbreglobalinvestors.com.