Latest Lease and Sale Transactions by DTZ in Northern California

SAN FRANCISCO, CA – Feb. 24, 2015 – DTZ, a global leader in commercial real estate services, announces the following lease and sale transactions originated in the firm’s Northern California offices:


Blue Coat Systems Fully Leases Brand New ±105,000 SF Oakmead Tower in Sunnyvale, CA
Blue Coat Systems, Inc., an online security company, has fully leased the brand new 104,470 square foot Oakmead Tower project in Sunnyvale, CA. Oakmead Tower is a recently completed four-story, LEED Gold certified Class A office building. Located at 384 Santa Trinita Avenue, just off Lawrence Expressway and E. Arques Avenue, the property is owned by Principal Real Estate Investors and was developed by TMG Partners. The transaction adds to the continued trend of users absorbing well located, new Class A buildings across the region, especially in the heart of the Silicon Valley in the city of Sunnyvale. Oakmead Tower is positioned among many thriving companies and features excellent access to U.S. Route 101, California State Route 237 and Lawrence and Central expressways. The property also is served by a CalTrain Shuttle from the Lawrence CalTrain Station and is positioned close to the new City Sport fitness center, many restaurants plus other retail and hospitality services, including those directly across Lawrence Expressway in Oakmead Business Park. Mike Connor and Kalil Jenab with DTZ represented Principal Real Estate Investors in the transaction.

Equinix Expands into Full 71K SF Building at Arques Tech Park in Sunnyvale, CA; Class A Park Fully Leased
Equinix, the world’s largest IBX data center and colocation provider, has leased the entire 71,070 square foot three-story building at 1188 E. Arques Avenue located within the Arques Technology Center in Sunnyvale, CA. Prior to its new long-term expansion, Equinix had been subleasing 23,230 square feet on the second floor in the building. Owned by Christensen Holdings, Ltd, the Arques Technology Center is a high-image Class A corporate headquarters location comprised of four buildings at the corner of E. Arques Avenue and Lawrence Expressway. The now fully leased park also features corporate tenants Nuance Communications, SoftwareAG (webMethods) and Silicon Image. The property is within walking distance to Caltrain and many restaurants and retail services. It also provides excellent access to main arterials including U.S. Route 101 and Central and Lawrence expressways. Steve Horton and Kelly Yoder with DTZ represented the landlord in the transaction.

Riverbed Secures Subtenant, Opower, for Single Floor in San Francisco
Riverbed Technology, the leader in application performance infrastructure, has secured Opower as a subtenant in 34,487 square feet at the company’s headquarters at 680 Folsom Street in San Francisco. Riverbed’s master lease consists of the lower half of the 14-story Class A building, which was developed in 2014 and is owned by Boston Properties. Opower, a publicly held software-as-a-service company, agreed to an initial sublease term to span a few years of Riverbed’s master lease and provide Riverbed with the opportunity for future growth. Riverbed, which also has a large presence in Sunnyvale, has over $1 billion in annual revenue and its 25,000+ customers include 97% of both the Fortune 100 and the Forbes Global 100. DTZ represented Riverbed.

Osterhout Design Group Expands San Francisco Headquarters for Strategic Growth
Osterhout Design Group (ODG), which develops emerging and disruptive technologies for consumer, industrial, and defense product markets, has expanded its San Francisco headquarters into the entire fifth floor at 153 Townsend Street. In a long-term extension , ODG expanded its headquarters to 33,878 square feet as it prepares for future strategic growth. The increase represents a nearly 50% expansion from its previous space in the nine-story building that is owned by American Realty Advisors. Sean McCallum and Marc Pope with DTZ represented the tenant in the transaction.

ODG is currently most widely known for its consumer augmented reality glasses (also known as smart glasses). For more information, visit


Investor Acquires Del Monte Pacific’s Worldwide R&D/Mfg HQ Facility in Walnut Creek, CA
An investor group led by Hall Equities Group has acquired Del Monte Pacific Limited’s ±90,000 square foot worldwide R&D/manufacturing headquarters facility at 205 Wiget Lane in Walnut Creek, CA. The seller was San Francisco-based Big Heart Pet Brands. Approximately one year ago, in an effort to focus its resources and efforts on its Pet Products business, U.S.-based Del Monte Foods sold its Consumer Products business to Singapore-based Del Monte Pacific Limited (DMPL). Del Monte would subsequently change the name of its standalone pets brand company to Big Heart Pet Brands.

Prior to the sale of 205 Wiget, DMPL inked a new long-term lease with the seller and will continue to operate its consumer business at the facility. Commonly referred to as the Del Monte Research Center, the facility has been utilized by Del Monte Foods and now Del Monte Pacific for nearly 50 years since its development in 1968. Brooks Pedder and Whiff Collins with DTZ represented both parties in the investment transaction.

According to recent announcements, Big Heart Pet Brands is in process of being acquired by JM Smucker Co.

DTZ provides this information based on best-available knowledge and does not warrant accuracy provided us by 3rd parties. For further verification and/or questions, please contact the brokers listed below with the particular news announcement.

About DTZ
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. Our core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facilities services, capital markets, investment and asset management, valuation, building consultancy, research, consulting, and project and development management. DTZ manages 3.3 billion square feet and $63 billion in transaction volume globally on behalf of institutional, corporate, government and private clients. Our more than 28,000 employees operate across more than 260 offices in more than 50 countries and proudly represent DTZ’s culture of excellence, client advocacy, integrity and collaboration. For further information, visit: or follow us on Twitter @DTZ.

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