Newmark has announced the relocation of Cerus and Homebridge Financial Services, Inc. to 1200 Concord, a recently repositioned and rebranded property located in the city of Concord. Owned by Sierra Pacific Properties, Inc (SPPI), 1200 Concord is part of Concord Airport Plaza which also includes 1220 Concord. The two-building, six-story, class A office buildings total approximately 360,000 square feet.
Newmark’s Executive Managing Director Breck Lutz and Senior Managing Director Alex Grell represented the landlord SPPI in the 65,092-square-foot, 11-year lease with Cerus Corporation, a company focused in the field of blood transfusion safety. Cerus’ INTERCEPT Blood Systems is designed to inactivate pathogens like bacteria, HIV, hepatitis and Zika virus in transfused blood components.
“We are pleased to be staying in the city of Concord where the company was founded over 25 years ago. Concord’s central East Bay location allows us to recruit from a great pool of talent in the region,” said William “Obi” Greenman, Cerus’ president and chief executive officer. “In addition, the new lease allows us to consolidate our existing facilities under one roof as the company grows.”
Newmark also represented the landlord in a 3,597-square foot lease with HomeBridge Financial Services, Inc., one of the largest privately-held, non-bank lenders in the U.S. Cerus was represented by CBRE and Homebridge was represented by Cushman and Wakefield.
The longest tenured and largest office landlord in Concord, SPPI developed the 600,000-square-foot 10-story Concord Gateway Towers, the 230,000-square-foot 10 story Metroplex, and the 150,000-square-foot North Pointe Tech Centre prior to its purchase of the former Concord Airport Plaza in February of 2017. SPPI rebranded Concord Airport Plaza as 1200 Concord and is pursuing a multi-million dollar transformation of the property. SPPI is headquartered in Concord and developed its first office buildings more than 30 years ago. The firm remains bullish on the region and plans on holding 1200 Concord, along with its other office properties for years to come.
SPPI is now working with renowned architect Aston Pereira on a significant lobby renovation for 1200 Concord utilizing imported Italian marble, adding a tenant conference center with a separate break-out room and adjacent exterior patio meeting area. SPPI is also adding a new tenant fitness center featuring interactive cardio machines, strength stations, free weights, and stretching areas with adjacent showers. California water efficient planting is being incorporated into the landscape and the center fountain courtyard will include tenant activity and collaboration areas. New signage monuments will also adorn the entries.
According to Newmark, both tenants were drawn to 1200 Concord for many reasons including the renovation and rebranding. “These extensive and tenant-driven renovations complement the property’s already outstanding location and reflect the owner’s commitment to the region,” said Lutz. “Moreover, since Cerus is a Concord-based company, the move makes it possible for them to remain in Concord, gain greater efficiencies for their team, and plan for their future growth.”
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”.
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