Woodruff Sawyer heads to emerging East Bay talent hub as part of regional expansion and Flex work structure
SAN FRANCISCO (August 14, 2018) – CBRE Global Investors announced today that national brokerage and consulting firm Woodruff Sawyer is establishing an East Bay footprint at Cal Plaza, a 10-story Class A office tower adjacent to the BART Station in Walnut Creek. Woodruff Sawyer is headquartered in San Francisco where it was founded in 1918 and is adding this Walnut Creek location as part of their continued growth in the region and in support of a newly deployed Flex work structure. Woodruff Sawyer will occupy a 10,000 square-foot full-floor suite on the building’s sixth level that features a collaboration-focused layout highlighted and stunning views of nearby Mt. Diablo.
Cal Plaza is part of CBRE Global Investors’ “5-Star Worldwide” program, a national network of top-tier office buildings that attract and retain top talent through a comprehensive range of professional services, hospitality and events. Woodruff Sawyer will move in to its new space in December 2018.
“The ability for our team members to easily access mass transit, retail, and fine dining just steps away from the office was a major factor in our decision to come to Cal Plaza” said Andy, Barrengos, Woodruff Sawyer CEO. “The amenities and services provided by 5-Star Worldwide, combined with all of the recent improvements to the building create a premier workplace that will support our recruitment of top talent from across the Bay Area. We look forward to this next phase of growth at Cal Plaza.”
The latest agreement at Cal Plaza comes on the heels of a recently completed capital improvement project at the 394,123-square-foot tower that added tech-equipped conference rooms, collaborative coworking spaces, a full-service catering kitchen, and state-of-the-art fitness center. Additionally, CBRE Global Investors created a reimagined outdoor plaza with bocce ball, recreational areas and open-air conference rooms that are regularly used by tenants.
“We are pleased to welcome Woodruff Sawyer to Cal Plaza,” said Kirk Beebe, senior vice president at CBRE. “This transaction reflects enhanced interest and robust leasing momentum in the building, which has successfully attracted several out-of-market tenants in recent months. Urban-suburban submarkets like Walnut Creek are well-positioned to capitalize on the surge in demand for walkable live-work-play environments that also offer strong schools, affordable housing and convenient access to transportation.”
CBRE Global Investors also announced a new lease signing at Cal Plaza with real estate brokerage firm Marcus & Millichap, and a lease renewal with Parsons, a digitally enabled solutions provider focused on the defense, security and infrastructure markets. Both deals total 6,800 square feet of upgraded, turnkey office space.
Other leading companies that recently relocated to Cal Plaza include Tactical Telesolutions (San Francisco), KONE (Oakland) and DayTwo (San Francisco).
Tenants of Cal Plaza are advantageously located within minutes of hundreds of restaurants and retail destinations, such as the popular Broadway Plaza shopping district in downtown Walnut Creek and the future Walnut Creek Transit Village mixed-use development. Several new multifamily developments near the building are also expected to come online soon. 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 provides immediate access for commuters travelling on Interstate 680 and State Highway 24.
To learn more about floor plans and available units at Cal Plaza, click here.
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 visit www.cbreglobalinvestors.com.
*Assets under management (AUM) refers to the fair market value of real asset-related investments with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real asset-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real asset market, and its calculation of AUM may differ from the calculations of other asset managers.