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North Bay Business Journal

Monday, April 29, 2013, 6:00 am

Top North Bay commercial real estate deals and deal-makers

Largest leases and sales from the second quarter of 2012 through the first quarter of 2013

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    The “Top Deals and the People Who Made Them Happen” represent the top leases and sales in Marin, Napa, Solano and Sonoma counties. They are based on submissions by brokerages and Business Journal research. Sales and leases are listed separately by county.

    Marin Co. leases

    Marin Executive Center, 4000 Civic Center Dr., San Rafael

    • Size: 74,164 square feet
    • Tenant: Sutter Health
    • Procuring agent: Trevor Buck of Cassidy Turley
    • Owner: BIT Holdings
    • Listing agent: Haden Ongaro, Brian Eisberg and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Feb. 13, 2013

    This renewal helps keep vacancy in the north San Rafael market fairly stable, according to Trevor Buck of Cassidy Turley.

    2370 Kerner Blvd. #100 & 200, San Rafael

    • Size: 52,454 square feet
    • Tenant: Managed Health Network, Inc.
    • Procuring agent: Jones Lang LaSalle and Brian Eisberg of Cornish & Carey Commercial Newmark Knight Frank
    • Owner: San Rafael Land Company
    • Listing agent: Brian Eisberg
    • Signed: Nov. 12, 2012

    This deal shows “San Rafael’s continuing vibrancy as an excellent location for large businesses to keep major facilities,” according to Brian Eisberg.

    Civic Center Plaza, 3950 Civic Center Dr., San Rafael

    • Size: 46,766 square feet
    • Tenant: Autodesk
    • Procuring agent: n/a
    • Owner: Broadreach Capital Partners
    • Listing agent: Brian Foster and Trevor Buck of Cassidy Turley
    • Signed: June 9, 2012

    This confirmed Autodesk’s commitment to the North Bay along with their growth in San Rafael, according to Brian Foster and Trevor Buck . The company refurbished one of their long-held buildings to be LEED-certified and went from a private-office environment to an open-office floorplan.

    1033 Third St., San Rafael

    • Size: 34,025 square feet
    • Tenant: Kaiser Foundation Health Plan
    • Procuring agent: Whitney Strotz and Greg Moss of Cassidy Turley
    • Owner: Monahan Pacific Development Corp
    • Listing agent: Jones Lang LaSalle
    • Signed: March 15, 2013

    Kaiser had a number of custom improvements to the space and negotiated a lease renewal, keeping the income stream for the owner, according to Whitney Strotz.

    90 Windward Way, San Rafael

    • Size: 38,000 square feet
    • Tenant: EO Products
    • Procuring agent: Brian Foster and Trevor Buck of Cassidy Turley
    • Owner: Universal Portfolio, San Rafael
    • Listing agent: n/a
    • Signed: May 17, 2012

    As EO Products considered East Bay expansion options, the company’s real estate agents approached the owner of 90 Windward Way, a number of other east San Rafael industrial buildings and Keller Estate Winery southeast of Petaluma. The building wasn’t on the market, but the agents tried reaching out to the owner after the shuttering of startup movie model maker Kerner Optical there in 2011.

    Hamilton Landing, 4 Hamilton Landing, #200, Novato

    • Size: 23,520 square feet
    • Tenant: Activision Blizzard, Inc.
    • Procuring agent: Matthew Miller of CRESA Partners
    • Owner: Hamilton Marin, LLC
    • Listing agent: Brian Eisberg, Haden Ongaro and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Sept. 14, 2012

    Hamilton Landing has attracted creative firms, including digital movie graphics and video game developers. This game company more than doubled its space and number of employees in this lease renewal-expansion.

    Hamilton Landing, 4 Hamilton Landing, #100, Novato

    • Size: 22,266 square feet
    • Tenant: Marin Individual Practice Associates
    • Procuring agent: n/a
    • Owner: Hamilton Marin, LLC
    • Listing agent: Brian Eisberg, Haden Ongaro and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: April 13, 2012

    As part of the growth of Marin-Sonoma IPA, now called Meritage Medical Network, the company expanded its space at Hamilton Landing.

    Marin Executive Center, 4000 Civic Center Dr., #400, San Rafael

    • Size: 22,015 square feet
    • Tenant: Telltale Games
    • Procuring agent: Roger Smith of Cornish & Carey Commercial Newmark Knight Frank
    • Owner: BIT Holdings, 45, Inc.
    • Listing agent: Haden Ongaro, Brian Eisberg and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: Oct. 31, 2012

    Another example of a growing Marin County video game company, Telltale wanted to provide their employees with amenities such as spectacular views from decks that wrap around the building for dining and entertaining, according to the listing agents.

    Hamilton Landing, 6 Hamilton Landing, #150 & 200, Novato

    • Size: 22,015 square feet
    • Tenant: Take-Two Interactive
    • Procuring agent: n/a
    • Owner: Hamilton Marin, LLC
    • Listing agent: Brian Eisberg, Haden Ongaro, Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank
    • Signed: September 2012

    This lease renewal-expansion by yet another Marin County video game company was a one-third increase in Take-Two’s space at Hamilton Landing. The company already was the largest tenant that occupies the development. Walt Disney Co. still has 120,000 square feet of vacant space under lease there.

    1654 Second St., San Rafael

    • Size: 13,100 square feet
    • Tenant: Democratic Central Committee of Marin
    • Procuring agent: John Wright of HL Commercial
    • Owner: Richard Schwartz
    • Listing agent: Nick Egide and Samuel Ko of Meridian Commercial
    • Signed: July 7, 2012

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    Comments

    1 Comment

    1. April 29, 2013, 2:56 pm

      by Mark Carrington

      Haden Ongaro, Brian Eisberg and Mark Carrington of Cornish & Carey Commercial Newmark Knight Frank were the listing agents on the Sutter Health renewal at 4000 Civic Center drive.


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