Done Deals: May 1, 2021

Saturday, May 1, 2021

KBS Signs More Than 40,000 Square Feet with Two Leases at 814,018 Square-Foot Class A Office Park in Emeryville, CA

Diana Rivers

EMERYVILLE, CA – KBS, one of the largest investors in commercial real estate, has signed 40,504 square feet in leases with two tenants at The Towers Emeryville, an 816,090 square-foot, Class A office park in Emeryville, California.

Diana Rivers, Associate Director at Cushman & Wakefield is handling property management services for The Towers Emeryville on behalf of KBS.

“Companies in the greater San Francisco market are drawn to The Towers Emeryville for its beautiful water views, first-class amenities, and superior tenant services,” says Rivers.

Giovanni (Gio) Cordoves

“They simply can’t find all of these benefits in downtown San Francisco for the price.”

The Towers Emeryville is owned by KBS Real Estate investment Trust III.

The transactions include a new 20,252 square-foot leasewith LeapFrog Enterprises, Inc., a global educational entertainment and electronics company, and a 20,252 square-foot lease extension and expansion with Centre for Neuro Skills (CNS), a premier provider of brain injury rehabilitation services with seven locations across California and Texas.

The recent lease transactions are a reflection of the quality and unique waterfront location of the buildings, situated just outside of San Francisco in the East Bay, according to Giovanni (Gio) Cordoves, Western regional president for KBS.

“KBS takes a hands-on approach to its properties and prides itself on exceeding the expectation of office users,” says Cordoves.

Brent Carroll

“Our ability to attract new tenants while at the same time have existing tenants renew and expand within our space speaks to our strength as an operator in addition to the quality of this location and offerings the buildings provide to tenants, their employees and visitors.”

LeapFrog Enterprises is relocating their headquarters to The Towers Emeryville from another location in Emeryville, occupying the full 5^th floor as of early June.

“With a portfolio of more than $7.7 billion in assets under management nationwide, we understand what tenants’ want in their office space and work diligently to deliver that across our portfolio,” says Brent Carroll, senior vice president for KBS and asset manager for The Towers Emeryville.

Carroll adds that the Centre for Neuro Skills renewed its lease two years ago, however, based on its rapid growth the firm is renewing its lease early and expanding to accommodate this continued growth.

Contact:

Micaela Fehrenbach Account Manager
O 949 438 6262 x8

Brower Group, Inc.

The Smart Agency^® for Smart Clients who want Smart Work

220 Newport Center Drive, Suite 22 · Newport Beach, CA 92660

www.kbs.com.

The Calida Group Names Chris Leggee New Senior Vice President of Capital Markets

Chris Leggee

LAS VEGAS, NV -- The Calida Group, a vertically integrated multifamily investment and development firm, has announced a new Senior Vice President of Capital Markets, Chris Leggee.

Leggee brings more than 15 years of experience in commercial real estate and capital markets, spanning acquisitions, development, asset management and fundraising.

“Chris will bring a wide array of experience, knowledge and strong industry relationships to our growing team,” said Douglas Eisner, The Calida Group co-founder and managing director.

Douglas Eisner

“Assembling a group of proven leaders with the talent to help us expand our platform has been a high priority for Calida. We believe Chris will be a key piece of our growth plan.”

“Calida has been a firm that I have admired from the outside for several years now.

"The way they have grown this business, outperformed in challenging market conditions, and continued to set the bar higher is what attracted me to this team,” said Leggee. “I look forward to utilizing my relationships and experience to execute our strategic vision.”