February 3, 2022 9:00 AM
Newmark[1] announces it has completed a 39,650-square-foot office lease with outdoor apparel company 5.11, Inc. at CANVAS, a creative office campus situated in the heart of Costa Mesa, California. Relocating from its current headquarters in Irvine, 5.11, Inc. is a retail brand offering purpose-built technical apparel, footwear and gear.
“At 5.11, we are innovators who make purpose-built apparel, footwear and gear for life’s most demanding missions,” said 5.11, Inc.’s CEO, Francisco J. Morales. “As innovators, we are embracing the opportunity for our people to work from anywhere - hence, the importance of having an inspiring space to collaborate in-person. Our new offices at CANVAS will be the center of our global innovation engine where we will come together physically and virtually to continue to innovate for our professional and everyday consumers.”
Recently repositioned by EQ Office, CANVAS provides dynamic experiences for companies at various stages of their business. Located adjacent to the SOBECA (South Bristol Entertainment Culture and Arts) neighborhood and totaling nearly 550,000 square feet, the campus provides tenants with access to wellness amenities, indoor and outdoor workspaces, and an arts and culture scene that celebrates the local community. CANVAS offers a range of leasing options to meet the needs of every business. From short-term leases and co-working space to move-in-ready suites and custom blocks of office with full build-out capabilities
“CANVAS is a thriving mixture of culture and community, and as a purpose-driven brand, 5.11 is a natural fit to join our creative campus,” said Brendan McCracken, SVP, Portfolio Director at EQ Office. “We are looking forward to this partnership and sharing this incredible work environment that will support 5.11’s continued growth and momentum for years to come.”
Newmark Executive Managing Director Jay Nugent, Senior Managing Director Drew Netherton and Managing Directors Richard Sung and Andrew Robben, represented the asset owner, EQ Office. Louis Tomaselli and Scott Wetzel with Jones Lang LaSalle represented 5.11, Inc.
“We are pleased to bring 5.11, Inc. to this one-of-a-kind office concept,” said Nugent. “We see this project as a unique canvas, where each tenant can shape their culture to attract quality talent. 5.11 is one of the country’s fastest growing outdoor apparel brands, and we believe they will be a perfect match with all that CANVAS has to offer.”
CANVAS is located at 3070-3150 Bristol Street, Costa Mesa, CA 92626. For more information on leasing opportunities, visit CANVAS Costa Mesa.
[1] Dba Newmark Knight Frank in California
About 5.11
With offices around the globe, 5.11 ABR Corp. and its subsidiaries, including 5.11, Inc., work with end users to create purpose-built apparel, footwear and gear designed specifically to enhance the safety, accuracy, speed, and performance of tactical professionals and technical enthusiasts worldwide. 5.11 products exceed rigorous standards, which have allowed the brand to establish a reputation for innovation and authenticity and become the premier choice for those who always have to be ready. 5.11 products can be purchased online, through authorized dealers and retailers, as well as at 5.11 company-owned retail stores. Learn more about 5.11’s best-selling gear and accessories at www.511tactical.com. Find a full list of 5.11 company-owned retail stores at https://www.511tactical.com/lo…; Connect with 5.11 on Facebook, Twitter @511Tactical and on Instagram @511Tactical and #511tactical. 5.11 ABR Corp. is a subsidiary of Compass Diversified (NYSE: CODI). 5.11, 5.11 Tactical and Always Be Ready are registered trademarks of 5.11, Inc. All rights reserved.
About EQ Office
EQ Office focuses on the experience of its 20 million square feet - how space feels, activates and performs to amplify the human experience. We’re proud to work hand-in-hand with more than 1,500 customers of all sizes, from Fortune 100 companies to emerging startups, to bring humanity back to the workplace. Our diverse team of more than 200 professionals is responsible for creating inspired office environments in major cities across the country including Chicago, New York, Los Angeles, San Francisco and Seattle. As a U.S. office portfolio company wholly owned by Blackstone’s real estate funds, we have the resources to lead the changes happening in the work space. Explore your space for greatness at www.eqoffice.com.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.