San Mateo, CA – January 19, 2012 – Equity Office announced the signing of leases totaling 4.2 million square feet of space in its Northern California portfolio during 2011. In addition, the company sold its award winning Station Landing development in Walnut Creek and received numerous industry awards for its operations group.
Equity Office, one of the largest owners of commercial office space in the US, owns and manages a portfolio in the San Francisco Bay Area that includes 18 million square feet of Class A office space located in the North Bay, East Bay, Peninsula and Silicon Valley. The portfolio encompasses over 220 buildings, a 72 room hotel, and 85 acres of land in key locations in Silicon Valley entitled for 3.6 million square feet of new office space and a 200 room hotel.
“Our success in 2011 speaks to the quality and location of our assets and the reputation and expertise of our tenant services platform,” said John Moe, Managing Director, Northern California. “As a result, the Equity Office model and portfolio has been able to accommodate the growth of some of the nation’s fastest growing technology companies.”
Equity Office Bay Area leasing highlights during the past 12 months include:
· Atmel Corporation, Skyport Plaza, San Jose, 198,000 sf
· TeleNav, Sunnyvale Business Center, 175,000 sf
· Symantec Corporation, Mountain View Gateway Center, 135,000 sf
· Magma Design Automation, Skyport Plaza, San Jose, 109,000 sf
· Microchip Technology Inc., Corporate Technology Center, San Jose, 98,000 sf
· KPMG, Mission Towers, Santa Clara, 78,000 sf
· Ubiquiti Networks, Valley Research Centre, San Jose, 65,000 sf
· Responsys Inc., Bayhill Office Center, San Bruno, 58,000 sf
· Actuate Corporation, San Mateo BayCenter, 58,000 sf
· Kabam, Skyway Landing, San Carlos, 57,000 sf.
· Harris myCFO, Embarcadero Place, Palo Alto 37,000 sf
· Xactly Corporation, 225 W. Santa Clara, San Jose, 30,000 sf
Other successes for the company include: achieving LEED Gold Status for Ten Almaden in San Jose, Treat Towers in Walnut Creek, and ShoreBreeze II in Redwood City. The firm also earned the BOMA 360 designation for 555 Twin Dolphin in Redwood City, and three San Jose BOMA TOBY (“The Office Building of the Year”) awards for 1740 Technology Drive, Valley Office Centre and Skyport Plaza.
About Equity Office
Equity Office is one of the largest owners of commercial office space in the country and controls over 60 million square feet of Class A office space in Northern California, New York, Boston, Los Angeles, San Diego, Denver, Seattle, Columbus, Miami, Atlanta, Austin, Dallas, Boca Raton, Pittsburgh, Philadelphia, New Orleans, Minneapolis and Detroit. The Pacific Northwest forms the company’s largest region with more than 19 million square feet of commercial office assets and numerous development and retail sites in both Northern California and Seattle. In Northern California, Equity Office owns and manages 18 million square feet of Class A office space spread throughout Silicon Valley, the Peninsula, East Bay and North Bay. The company also operates San Francisco’s iconic Ferry Building, which includes 175,000 square feet of Class A office above 65,000 square feet of artisanal retail space. The Equity Office team features highly experienced real estate asset managers, investors, developers and property specialists focused on accelerating the market value, operational efficiencies and sustainability of its investment portfolio andenhancing the tenant experience.
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