ACCO Brands Corporation (NYSE: ACCO), the world leader in branded school and office products, signed on as the newest tenant at Bridgepointe Office Park in San Mateo, Calif. Newmark Cornish & Carey represented the ownership, Harvest Properties and partner Cigna, in the 22,164-square-foot transaction at 1500 Fashion Island Boulevard. ACCO will relocate its offices from Redwood Shores, Calif., upon completion of tenant improvements in the first quarter 2015.
“We are pleased to welcome ACCO and see the firm establish a presence within Bridgepointe Office Park,” said Joss Hanna, partner at Harvest Properties. “Signage at Bridgepoint’s central location at the heart of the 92/101 Corridor will be a great brand builder. We are excited to have learned that this was ACCO’s optimal relocation opportunity for attracting talent from San Francisco, Silicon Valley and the East Bay – a sentiment shared by several of our other tenants.”
Bridgepointe Office Park comprises two, three-story, Class A office buildings, for a total of 130,000 square feet. The property, located at 1500 and 1510 Fashion Island Blvd., is home to Randstad US, Kelly Services, Inc., Act-On Software, 11Main, Inc. and FirstRain, to name a few. Adjacent to the Bridgepointe Shopping Center, which is anchored by Target, Bridgepointe Office Park has 20,000 square feet remaining for lease.
“With over 64,000 square feet of new leases this year, Bridgepointe Office Park’s success is good news for the overall San Mateo County market,” said Jon Mackey, a Newmark Cornish & Carey senior vice president who handles leasing of the property with Vice President Graham Woodall and Senior Associate John Kraft. “In 2014, Bridgepointe Office Park attracted long-established firm ACCO Brands, experienced organic growth from existing tenants including 11Main, Act-On and FirstRain, and also welcomed an influx of new, smaller tenants. Companies from various industries in different stages of growth are committing to San Mateo which signals the future strength of the 92/101 Corridor market.”
Lou Hall & Mark McGranahan with Cushman & Wakefield represented ACCO in the transaction.
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 12,000 professionals operate from more than 330 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. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.