KBS has signed 40,504 square feet in leases with two tenants at The Towers Emeryville, an 816,090 squarefoot, Class A office park in Emeryville, California.
The Towers Emeryville is owned by KBS Real Estate investment Trust III. The Towers Emeryville is a three-building office complex located directly across the bay from downtown San Francisco.
The transactions include a new 20,252 square-foot lease with LeapFrog Enterprises, Inc., a global educational entertainment and electronics company, and a 20,252 square-foot lease extension and expansion with Centre for Neuro Skills (CNS), a premier provider of brain injury rehabilitation services with seven locations across California and Texas.
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The recent lease transactions are a reflection of the quality and unique waterfront location of the buildings, situated just outside of San Francisco in the East Bay, according to Giovanni (Gio) Cordoves, Western regional president for KBS.
“KBS takes a hands-on approach to its properties and prides itself on exceeding the expectation of office users,” said Cordoves.
“Our ability to attract new tenants while at the same time have existing tenants renew and expand within our space speaks to our strength as an operator in addition to the quality of this location and offerings the buildings provide to tenants, their employees and visitors,” he added.
“With a portfolio of more than $7.7 billion in assets under management nationwide, we understand what tenants’ want in their office space and work diligently to deliver that across our portfolio,” said Brent Carroll, senior vice president for KBS and asset manager for The Towers Emeryville.
“The Towers Emeryville is a premier office property that features a variety of in-demand amenities that will continue to attract tenants over the long-term. One of its most unique features is the unobstructed panoramic views from virtually every floor of the San Francisco Bay, the San Francisco skyline and the Golden Gate Bridge as well as downtown Oakland. Beyond this, with a number of companies beginning to navigate away from working from home, landlords like KBS who are helping to facilitate a safety conscious return-to-office for tenants are in high demand.”
