Springline, a transit-oriented community of office space, residences and restaurants on El Camino Real in Menlo Park, CA has announced a pair of new tenants: litigation consulting firm Cornerstone Research and venture and growth equity company Norwest Venture Partners. The property is now 75% leased of the 200,000 square feet of office space.
Springline, says they are commanding rates of $10.30 a square foot a month, with a top price of over $15 a square foot, some of the highest leasing rates in the country.
Norwest and Cornerstone join other Silicon Valley companies like VC firm Menlo Ventures and tech giant Genesys. Other office tenants at Springline include Canopy, Decathalon Capital, Highland and Symphony Technology Group. A Norwest spokesperson said, “We feel proud to have selected a space that will be home to forward-thinking companies both in and outside of the VC and GE ecosystem.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.