A Fresh Take on CRE

Bay Area Weekly Comp Digest: Create Mix and Mingle Signs New Lease, Tetra Tech Renews, and More!

Every week, we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.
 
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San Mateo: New Venue for Art Entertainment Signs at 1888 South Norfolk

Create Mix and Mingle recently signed a lease for 3,600 SQFT of retail space in the Parkside Plaza community shopping center.  The company agreed to pay rent starting just South of $2.00 PSF with 3% escalations for the 5-year lease term, and will enjoy 3 months of free rent.  
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Oakland:  Tetra Tech Renews at Lake Merritt Plaza

The provider of consulting, engineering, construction and technical services which includes resource management and infrastructure decided to stay in its 18,000 SQFT class A office space at 1999 Harrison Street.  Landlord, Beacon Capital Partners, agreed to accept rent starting in the high-$2.00s PSF for the 5-year lease term, and also threw in 3 months of free rent.
 
 

Oakland: One More New Lease at 1999 Harrison

Accounting firm, Mowat Mackie & Anderson, also just signed a renewal in the Lake Merritt Plaza building for its 11,000 SQFT office space.  The firm agreed to also pay rent starting in the high-$2.00s PSF for the 5-year, 2-month lease term.  Other tenants include: multinational media company, UBM; law firm, Katten Muchin Rosenman; and small and middle market business bank, Sunwest Bank.