{"id":1004512474,"date":"2021-02-03T23:01:12","date_gmt":"2021-02-04T07:01:12","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004508589"},"modified":"2021-05-19T10:21:50","modified_gmt":"2021-05-19T18:21:50","slug":"san-francisco-office-project-lands-41-ksf-in-leases","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/san-francisco-office-project-lands-41-ksf-in-leases\/","title":{"rendered":"San Francisco Office Project Lands 41 KSF in Leases"},"content":{"rendered":"
\"\"<\/a>

Springline. Image courtesy of CBRE<\/i><\/p><\/div>\n

Presidio Bay Ventures has signed two new office leases at Springline, its 6-acre mixed-use project in downtown Menlo Park, Calif. Coworking company CANOPY will take up roughly 20,000 square feet in the development\u2019s Southern building. Private equity firm Symphony Technology Group will occupy 21,000 square feet on the third floor of the same building, according to Silicon Valley Business Journal<\/em>.<\/p>\n

Originally called Station 1300, the development broke ground in 2017 with Greenheart Land Co. serving as the developer. Presidio took over the project and rebranded it as Springline in November 2020, according to the property\u2019s website.<\/p>\n

Located at 1300 El Camino Real, the live-work-play complex will be designed to LEED Platinum and WELL standards and will encompass two three-story office buildings spanning 100,000 square feet each and a residential community with 183 one-, two- and three-bedroom apartments. The office component will have 25,000 square feet of retail space, fitness studio and locker rooms, bicycle storage and a parking ratio of 3.30 spaces per 1,000 square feet.<\/p>\n

The Newmark brokerage team that negotiated on behalf of the owner included Executive Vice President Christian Prelle, Vice Chairman Michael Courson, Director Clayton Jones and Senior Managing Director Cassidy Zerrer.<\/p>\n

Last year, DivcoWest paid $610 million<\/a> to purchase two office parks encompassing 297,826 square feet in Menlo Park, Calif. Newmark\u2019s Jones and Prelle are part of the leasing team for the portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"

CANOPY and Symphony Technology Group will occupy space in the 200,000-square-foot Springline development.<\/p>\n","protected":false},"author":867,"featured_media":1004518041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21742,21747,1609,15],"tags":[32779,50999,51007,51008,34432],"class_list":["post-1004512474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-latest","category-office","category-san-francisco","category-west","tag-leed","tag-newmark","tag-presidio-bay-ventures","tag-symphony-technology-group","tag-well-certification"],"acf":[],"yoast_head":"\nSan Francisco Office Project Lands 41 KSF in Leases - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/san-francisco-office-project-lands-41-ksf-in-leases\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Francisco Office Project Lands 41 KSF in Leases\" \/>\n<meta property=\"og:description\" content=\"CANOPY and Symphony Technology Group will occupy space in the 200,000-square-foot Springline development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/san-francisco-office-project-lands-41-ksf-in-leases\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T07:01:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-05-19T18:21:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Springline.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/san-francisco-office-project-lands-41-ksf-in-leases\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/san-francisco-office-project-lands-41-ksf-in-leases\/\",\"name\":\"San Francisco Office Project Lands 41 KSF in Leases - 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