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4/29/21
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There have been two recent leases to report at The Towers Emeryville, an 816k sf, Class A office park owned by KBS Real Estate investment Trust III in the East Bay city of Emeryville. The transactions include a new 20.3k sf lease with LeapFrog Enterprises Inc, a global educational entertainment and electronics company, and a 20.3k sf 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.
LeapFrog Enterprises is relocating their headquarters to The Towers Emeryville from another location in Emeryville, occupying the full 5th floor as of early June. LeapFrog Enterprises is implementing several improvements to the space, including updating the finishes.
Centre for Neuro Skills, an existing tenant at The Towers Emeryville, is currently occupying 8k sf on the first floor of the building and will be moving to a new space on the 6th floor as of early July 2021, occupying the full floor at more than 20k sf. KBS is helping to implement an extensive build out that will allow the tenant to continue to serve the bay area medical community.
The Towers Emeryville is a three-building office complex located directly across the bay from downtown San Francisco. The property boasts 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.
In addition, The Towers Emeryville features a host of modern amenities including a recently renovated conference center; leading-edge tenant lounge; outdoor employee lounge areas; a bocce ball court; bike storage, fitness center with locker rooms and showers; 3:1,000 secure parking; 24/7 security; close proximity to public transportation; a car-wash service; electric vehicle charging stations; and high-quality food and retail amenities.
“At just 10 minutes away from downtown San Francisco via BART, Emeryville is an excellent alternative to the city,” notes Brent Carroll, senior vice president for KBS and asset manager for The Towers Emeryville. “The submarket draws in tenants from a diverse range of industries who are attracted to its lower density and affordability, as well as its close proximity to downtown San Francisco and talent pool from local major universities.”
Diana Rivers, Associate Director at Cushman & Wakefield is handling property management services for The Towers Emeryville on behalf of KBS.
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