Coffeeshop, Gas Fireplace, and Other Unique Features Attract and Retain Talent
SAN FRANCISCO—Justin Chan and Robin Weckesser of Cresa San Jose’s Project Management Group recently completed the construction of New Relic’s new headquarters. The fast-growing software analytics company had relocated and expanded to 188 Spear St. in San Francisco’s South Financial District, where it occupies 55,000 SF in the the three top floors (10th, 11th, and 12th) with an option to expand into the 9th floor.
New Relic was attracted to this site in part because of its sweeping bay views and because the landlord, Shorenstein Properties, had added four floors to the 220,000 SF LEED-certified office building.
After almost tripling its number of employees, New Relic needed to expand to a larger area, and it also wanted its new headquarters to reflect the company’s progressive and collaborative culture. To meet these objectives, the company engaged Cresa San Jose to provide integrated Transaction Management and Project Management services.
While New Relic’s previous location, 101 Second Street in San Francisco, was characterized as basic “plug-and-play,” the company wanted its new offices to be creative, open, and engaging, with natural lighting and modern amenities. To help New Relic realize its vision, Cresa’s Project Management Group worked closely with the client in providing start-to-finish services, including team selection, design, and construction oversight. This involved managing all of the vendors, including the architect (Quezada Architecture), general contractor (BCCI Construction), electrical contractor (Paganini Electric), and plumbing contractor (Pribuss Engineering).
A centerpiece of the space is the “all-hands” area on the 10th floor with a complimentary coffee bar/lounge (complete with a full-time barista), where employees hold meetings, interview potential job candidates, and take cappuccino breaks. There is also a gas fireplace—the first of its kind in a Bay Area high-rise office building—which is particularly inviting on cold days. To install it required the approval of the city and the landlord and careful venting and tapping of gas lines to ensure safety.
“New Relic’s new headquarters went from vision to a reality through our partnership with Cresa,” said Chris Cook, president and chief operating officer of New Relic. “The location Cresa found was ideal for our business requirements. As for the buildout, the Cresa team proved to be thoughtful and responsive in helping us to instill creativity and collaboration in a workspace environment. Cresa proved to be the right partner for our long-term investment in a headquarters that will grow alongside our vision for our company.”
According to Weckesser, by paying meticulous attention to details and ensuring optimal communication, Cresa kept the project moving and kept everyone on task. New Relic is pleased that the ambitious project went smoothly and was finished on time.
Cresa is the nation’s largest corporate real estate advisory firm exclusively representing tenants. Cresa’s California offices include: San Jose, Palo Alto, San Francisco, Emeryville, Woodland Hills, Los Angeles, Inland Empire, Orange County, Ontario, San Diego, and Sacramento.
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 almost 60 offices, Cresa is the largest tenant representation firm in North America.