Cresa Opens East Bay Office, Expands Presence in Bay Area

OAKLAND, CA, January 10, 2012—Cresa, North America’s largest corporate real estate advisory firm specializing in tenant representation, announced today the opening of its newest office: Cresa East Bay, located in Oakland, CA. The new office will be led by Managing Principals Matt Elmquist and Scott Stone, who formerly were principals at AEGIS Realty Partners in Oakland. The East Bay team, including Vice President Stephen Carlson, Advisor Frank Palestini, and Marketing Manager Jennifer Tucker, will work closely with Cresa San Francisco, expanding Cresa’s leadership in the Bay Area along with the firm’s offices in San Jose and Palo Alto.

According to Craig Zodikoff, managing principal, Cresa San Francisco, AEGIS Realty, founded in 1994, is “an exceptionally good fit for our firm.”

AEGIS specialized in tenant representation and corporate sales in the high-technology and biotech arenas.  Elmquist and Stone have a combined total of 30 years’ experience in commercial real estate. Their major clients have included Amyris, Biotime, Children’s Hospital in Oakland, GT Nexus, Oncologic, Onyx Pharmaceuticals, and Zogenix.

“Cresa has been expanding services in the local area, and our new office in East Bay is a logical extension for us,” said Zodikoff.  “Matt and Scott are highly respected, top producers who share our tenant advocacy philosophy and are very compatible with our corporate culture.  By joining forces, we become a stronger player in the East Bay and throughout the region; we also gain from their complementary capabilities in such disciplines as corporate dispositions and investment sales.”

“With Cresa, we can build on our previous success and continue to leverage our entrepreneurial spirit in what should be a seamless transition,” said Stone.  “At the same time, we benefit from the Cresa’s national and international platform.  We are proud to become a part of the largest tenant rep firm in North America.”

Added Elmquist, “We are also excited to expand our capabilities working with Cresa’s integrated corporate services groups, including Project Management and Strategic Planning.  We are delighted to become part of such a strong and established firm that has maintained its independence and keeps growing, whatever the economic conditions.”

According to Zodikoff, Cresa is always looking for best-in-class partnerships, and the firm has recently recruited many teams of senior-level advisors throughout the country.

“Our new office will add quality and depth to our service offerings,” said Zodikoff. “We have joined with like-minded professionals who believe that corporate clients are best served when they have a service provider that puts their interests first and avoids conflicts of interest.”

The market in San Francisco and East Bay has been experiencing increased velocity, says Zodikoff, but it is still volatile, and there is a delicate balance between tenants and landlords.  “Bringing our new team aboard gives Cresa added strength in representing tenants.”

Cresa East Bay is located at 555 12th Street, Oakland, California.

California offices of Cresa include East Bay, San Francisco, San Jose, Palo Alto, Sacramento, Los Angeles, Woodland Hills, Orange County, Ontario, and San Diego.

Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio / Lease Administration, Capital Markets, Sustainability, Industrial / Supply Chain and Facilities Management. With more than 55 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.

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