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4/21/16
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Medallia signed a lease for 210.1k sf of space at 400|450 Concar, a new Class A office complex totaling 305k sf on 3.3 acres in San Mateo. Medallia, one of Sequoia Capital's most prominent investments to date, plans to move its headquarters to the new location in June 2017. Terms of the lease were not disclosed.
Centrally located near the intersection of Hwy 101 and I-92, 400|450 Concar is uniquely positioned between San Francisco and Silicon Valley. The property is directly adjacent to the Hayward Park Caltrain station and future retail and housing amenities at Station Park Green.
With this deal, the project is 69 percent leased. Construction is scheduled for completion the fourth quarter of 2016.
The project is a development of TX-based Hines and Pearlmark, a private equity real estate firm. They were repped in the transaction by Josh Rowell and Craig Kalinowski of Newmark Cornish & Carey
Medallia is a customer experience management company that uses a software-as-a-service application that enables companies to capture customer feedback everywhere the customer is (including web, social, mobile, and contact center channels), understand it in real time, and deliver insights and action everywhere-from the C-suite to the frontline-to improve their performance.
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