A Fresh Take on CRE

SF/Bay Area Weekly Comp Digest: TRUGlobal Signs New Lease in San Mateo, Optimizely Takes 36,000 SQFT in SF, and more!




Every week we compile a digest of some recent deals from the CompStak database. We hope you will find the information helpful.  




TRUGlobal: Please Enable Images to View

San Mateo: TRUGlobal Leases Over 2,100 SQFT from Equity Office

The top IT services firm signed a new lease at 1810 Gateway Drive.  TRU will pay $3.00 PSF for the San Mateo Centre office space with 2 months of free rent, TI's $10 PSF, and 3% bumps for 2 years. Please log in to your CompStak account before clicking on the link Get the TRUGlobal comp

   



Grocery Outlet: Please Enable Images to View

Emeryville: Grocery Outlet Outgrows Berkeley

The retailer recently moved its headquarters from 4th Street in West Berkeley to 5650 Hollis Street in Emeryville, a converted warehouse.  The company will pay just under $2.00 PSF with 3% bumps for 10 years.  GO will occupy 34,000 SF for the first 5 years and then expand to take the entire 54,000 SF building for years 6-10. Please log in to your CompStak account before clicking on the link Get the Grocery Outlet comp

   



OUSD: Please Enable Images to View

Oakland: Trans Pacific Centre Becomes Home to Oakland Unified School District

After a water leak ruined OUSD's office last January, the school board needed a new space fast.  Owned by Sparknight LLC, the office space spans 52,000 SF -- making this the largest office lease ever signed in Oakland County. OUSD will pay $2.10 PSF for 4 years with 3% escalations and 3 months of free rent. Please log in to your CompStak account before clicking on the link Get the Oakland Unified comp

   



Harbert Mangement: Please Enable Images to View

San Francisco: Harbert Management Stays at 575 Market Street

The independent investment firm recently renewed for 2,700 SF of office space in the Market Center building.  Harbert will pay Manulife Financial $53.00 PSF/YR for 5 years with 3% escalations and 3 months free rent. Please log in to your CompStak account before clicking on the link Get the Harbert comp

   



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San Francisco: Leading Authority on ETFs and Index Funds Signs New Lease

Index Universe recently signed for just over 4,000 SF at 201 Mission Street in the highly sought after SoMa District.  IU will pay $48.00 PSF/YR with 3% escalations for 3 years. Please log in to your CompStak account before clicking on the link Get the Index Universe comp

   



Optimizely: Please Enable Images to View

San Francisco: World-Class Website Optimization Platform Makes New Home in South Financial District

Optimizely, a start up firm currently serving over 5,000 enterprises, signed a new lease for 36,000 SF at 631 Howard Street.  The firm will pay landlord, DivcoWest, $51.00 PSF/YR with $1.00 PYR bumps for 6 years with 2 months of free rent and TI of $30 PSF. Please log in to your CompStak account before clicking on the link Get the Optimizely comp