Luminary Cloud Leases 34,000 SQFT in Downtown San Mateo in DivcoWest’s Recently Renovated Property

San Mateo DivcoWest Luminary Cloud Caltrain 101 S. Ellsworth

SAN MATEO – Coming out of the worst of the pandemic, suburban San Mateo is standing as one of the Bay Area’s high spots for new office leasing. Companies from sectors as diverse as financial services, venture capital and technology are attracted by its accessibility, walkability and amenity-rich neighborhoods where they are gravitating toward well located buildings close to transit and, ideally, with lots of outdoor space for employees to enjoy.

Luminary Cloud, an early-stage start up focused on innovations in high performance computing for industrial R&D, just leased 34,000 square feet at 101 S. Ellsworth, a newly renovated boutique office building owned by DivcoWest featuring extensive outdoor space just two blocks from San Mateo’s Caltrain station. 

The stealth-mode company becomes the largest tenant in a building which has seen significant new long term leasing activity as well as renewals in the past nine months. Other tenants include Merrill Lynch, PeakSpan Capital, Evidation Health and Acacia Capital.

According to Eric Lupinski of DivcoWest, which owns 101 S. Ellsworth, creative tenants are especially attracted to downtown San Mateo’s premier buildings because of the high-end buildouts now available and the significant amenities available to their employees within an easily walkable neighborhood.

“In this environment, tenants want the best buildings in the best locations and they also want modern, creative workspaces that help to attract and retain top talent so we are delivering on that,” says Lupinski. “Our market-ready spec suites at 101 S. Ellsworth are almost completely leased up to tenants on long term deals, clearly indicating that creative users see tremendous value in high quality buildings in a downtown San Mateo location,” he added.

101 S. Ellsworth is a Class A six-story building which recently underwent significant renovations to transform the building into a modern workplace for today’s forward-thinking tenants. Renovations included upgrades to the exterior, lobby and other common areas, as well as upgraded tenant spaces that feature enhanced lighting and open plan floorplates. The property also delivers ample outdoor spaces to bring work inside out including a shared garden on the 2nd floor with seating which can also be used for private events, and private outdoor balcony space on the 5th and 6thfloors. There are more than thirty restaurants, eight banks, several fitness studios, a market and a movie theater as well as other amenities within a four-block walk of the building. San Mateo’s Central Recreation Center and Park is just six blocks away.

About DivcoWest 

Founded in 1993 by Stuart Shiff, DivcoWest, a DivCore Capital company, is a vertically integrated, real estate investment firm headquartered in San Francisco, with offices in Cambridge, Los Angeles, Menlo Park, Washington DC, and New York City. Known for long-standing relationships and experience across the risk-spectrum in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach to commercial real estate. DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance health and well-being. Since inception, DivcoWest and its predecessor have acquired approximately 59 million square feet of commercial space – primarily throughout the United States. DivcoWest’s real estate portfolio currently includes existing and development properties in the office, R&D, lab, industrial, retail, and multifamily spaces. 

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