February 28, 2017
Walnut creek – Transwestern today announces it has been retained to provide Agency Leasing services for more than 300,000 square feet of office space in the Walnut Creek and Concord submarkets in Northern California. Transwestern Senior Vice Presidents Matt Hurd, Scott Ellis and Terry Vani will represent the new assignments at the following locations:
· 1600 Riviera Ave. in Walnut Creek, an 113,190-square-foot, Class A office building
· 2700 Ygnacio Valley Road in Walnut Creek, a 107,146 square foot, Class A office building.
· 2600 Stanwell Drive in Concord, a 48,548-square-foot, medical office building
· 925 Ygnacio Valley Road in Walnut Creek, a 17,120-square-foot, Class B office building
“The vacancy in the North Interstate 680 submarket is at a historic low, driven by demand for space in the East Bay resulting from tenant migration, existing expansions, and relocations,” said Hurd. “We are beginning to see investors place their chips in the East Bay as the real estate market cycles and demand continue to increase.”
Hurd, who joined Transwestern in 2012, has been recently promoted to senior vice president. He has worked in the East Bay market for over 15 years and is considered a specialist in the Interstate 680 Corridor.
The team provides landlord planning services, which was a deciding factor in the win of the new assignments. Vani, who has provided tenant and landlord planning services for over 30 years, oversees the conceptual space planning for over 5 million square feet of buildings across the United States.
“One of the things we have noticed over the past decade is that tenants have become more engaged with their site selection process,” said Vani. “Everything I design is done in real time and sent via the cloud, which ultimately provides a fast, cost-effective solution to the tenant and landlord.”
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the West region, follow @TranswesternWST.