Newmark Cornish & Carey has announced the completion of a 20,346-square-foot lease at 100 Pringle Avenue with global law firm Berry, Appleman & Leiden LLP (BAL). The Class A, seven-story office property at the Walnut Creek BART station is part of Walnut Creek Center, a soon-to-be renovated two-building complex totaling approximately 315,000 square feet.
Executive Managing Director Breck Lutz of Newmark Cornish & Carey’s Walnut Creek office represented the landlord, a venture of Align Real Estate and PCCP, LLC. BAL was represented by Rosen Realty Group and Avison Young.
Completed in 1983, 100 Pringle features a striking, three-story atrium lobby, a conference center, fitness center, gourmet deli, abundant parking and onsite management.
More than doubling its office capacity, the tenant relocated from an 8,000-square-foot sublease at 2 Ygnacio Center in Walnut Creek.
“BAL has chosen to locate to one of Walnut Creek’s premier office complexes which is adjacent to BART and offers easy freeway access to Interstate 680 and Highway 24,” said Lutz.
Carol Mays, BAL Chief Operating Officer, stated, “BAL continues to grow in the Bay Area and our ability to expand into larger office space in Walnut Creek is a great opportunity. We are a people-focused firm and are delighted to offer more of our East Bay employees shorter commute times and close BART access in a location that has so much to offer. We look forward to investing in the local community.”
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark, 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.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark”), is one of the world’s leading commercial real estate advisory firms. Newmark has over 4,600 employees in over 120 offices. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents. With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. We offer a complete suite of services and products for both owners and occupiers across the entire commercial real estate industry.
Our investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting and, under trademarks and names like Berkeley Point and Newmark Capital Markets, government sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Our occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. We enhance these services and products through innovative real estate technology solutions and data analytics designed to enable our clients to increase their efficiency and profits by optimizing their real estate portfolio. We have relationships with many of the world’s largest commercial property owners, real estate developers and investors, as well as Fortune 500 and Forbes Global 2000 companies. For further information, visit www.ngkf.com.
Newmark, which is listed on the NASDAQ Global Select Market under the symbol “NMRK”, is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”), 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 “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 “BGCA”.
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. 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 and BGC’s Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.