ACCO Relocates Division to San Mateo; 650 California Street Gets Cushman & Wakefield as Exclusive Leasing Agent
- Oct 02, 2014
By Alex Girda, Associate Editor
As the San Francisco Bay Area office market continues to hit milestones, recent office leasing news include a company’s decision to move from Redwood Shores to San Mateo and a massive Financial District asset’s hiring of a new exclusive leasing agent.
ACCO Brands announced that it is relocating its current Redwood Shores operations to the Bridgepointe Office Park in San Mateo. The Lake Zurich, Ill.-based office product manufacturer is set to complete its move into the 22,164-square-foot space it has leased during the first part of 2015. According to The Silicon Valley Business Journal, the space will house the company’s Kensington Computer Products division.
Bridgepointe Office Park is owned by a joint venture of Harvest Properties and Cigna, and offers potential tenants a total of 130,000 square feet of space. Of that total space, roughly one half have been leased out this year, with leasing activity being encouraging for the owners. ACCO will join an existing tenant roster at that currently includes names such as 11Main, Act-On and FirstRain.
A few weeks ago, news had broken out that one of San Francisco’s most iconic office properties had traded hands when Columbia Property Trust paid Tishman Speyer and Prudential Real Estate Investors $309 for 650 California Street. Recently, the new owner of the building appointed a new exclusive leasing agent for the 478,392 square-foot office tower. Cushman & Wakefield announced that the new Atlanta-based owner of the building had awarded it the exclusive leasing agent for the LEED Gold-certified 650 California Street.
Cushman & Wakefield have named Executive Directors Zach Siegel and JD Lumpkin, as well as Associate Director Sam Wasserstein to the team that will handle leasing at the landmark that has seen extensive renovations over the past seven years.
Image courtesy of harvestproperties.net