Construction is complete on Mountain View’s newest Class A office building, 600 National. Located adjacent to Highway 101 with nearby access to Highways 237 and 85, 600 National is blocks from the future headquarters property LinkedIn recently acquired in the Google property trade. The 152,000-square-foot, premier building represents the only available large-block leasing opportunity in the supply-constrained city of Mountain View.
“Seeing our state-of-the-art building completed is extremely gratifying,” said Randy Lamb, principal of development team National Avenue Partners, LLC. “We initially targeted this property for development 15 years ago, and over the years have watched some of Silicon Valley’s most prominent tech innovators commit to and invest in this neighborhood. 600 National is a truly unique opportunity in a compelling location.”
The majority of the buildings surrounding the property are occupied by several major tenants including Google, Honda, Samsung, Siemens, Symantec and Synopsys. The transit-oriented property lies one block from an MVgo Shuttle stop with free service to downtown Mountain View and the Caltrain station. The Bayshore/NASA and Middlefield VTA Light Rail stations are also a short walk from 600 National. In addition, a large parking structure offers ample on-site parking.
“The Middlefield submarket is well established,” said Phil Mahoney, a Newmark Cornish & Carey executive managing director marketing the property for lease together with Executive Vice President Randy Gabrielson and Senior Managing Director Mike Saign. “Mountain View’s most elite technology tenants have cemented themselves there, which ensures continued strength and enhances tenant appeal. National Avenue Partners fully realized its meaningful vision at 600 National.”
Large, open, efficient floor plates on four floors stimulate collaboration as do luxurious outdoor amenity spaces and four outdoor decks. The LEED Gold-compliant property features electric vehicle charging stations, bike storage and on-site showers. With asking rents 25 percent lower than Mountain View’s downtown market, there is value in locating in the Middlefield submarket, a quick shuttle ride away from downtown. Prominent building signage facing Highway 101 is also available.
About National Avenue Partners, LLC
National Avenue Partners, LLC is a full service development partnership founded in 2012 by managing partners Randy Lamb of Lamb Partners, LLC, Mark Nicholson of The Nicholson Company, Vic Fracaro and Declan National to assemble, develop, own and manage 600 National Avenue. The principals of National Avenue Partners have decades of experience and have completed various projects, since 2002 totaling, 2.6 million square feet of commercial space and over 600 residential units throughout the San Francisco Bay Area. In addition, they have entitled over 7.4 million square feet of land for commercial use.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark Grubb Knight Frank, one of the world’s leading commercial real estate advisory firms. Regionally, Newmark Cornish & Carey has more than 280 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.newmarkccarey.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.