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California  + Office  | 

Leasing Accelerates in Columbia’s Bay Area Portfolio

Columbia Property Trust, Inc. continues to experience robust leasing activity within its Bay Area office portfolio. The activity at its four-building assemblage in San Francisco and Silicon Valley represents a substantial increase in leasing velocity compared to the same period in 2018, and was accompanied by average rent rollups of 51%.

“San Francisco and Silicon Valley continue to experience very strong demand, with limited new supply coming online,” said Columbia Property Trust’s Nelson Mills.

The company’s two-million-square-foot Bay Area portfolio, which accounts for nearly a third of Columbia’s real estate assets nationally, is 97% leased.

Among the recent deals were:
– Triage Consulting Group signed a five-year lease renewal for 46,000 square feet at 221 Main St. in San Francisco’s South Financial District (pictured).
– Credit Suisse renewed for 31,000 square feet at 650 California St. in San Francisco’s North Financial District.
– Wells Fargo renewed for 14,000 square feet at University Circle in Palo Alto.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Lease
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