W/D facility at 11281 Citrus Ave. in
Fontana, taking the last building within
Alere Property Group’s master-planned Citrus Commerce Center
In Victorville, Newell Brands Inc.
inked a $50-million deal for over a million sf at Southern California Logistics
Distribution Centre 3. Stirling Capital
Investments LLC owns the property,
located at 17182 Nevada. CBRE’s Darla
Longo, Barbara Perrier, Jay Dick and
Dedrik Pharis hammered out the deal
for both parties.
Industrial company Bixby Land Co. positioned itself for more
growth, thanks to an extremely creative and complex credit
facility structured by HFF’s Newport Beach, CA office. Bixby
tapped HFF in 2017 to arrange a programmatic joint venture
with an institutional equity partner with the strategy to acquire
core-plus industrial assets. After exploring several options, the
HFF team of Kevin MacKenzie and Brian Torp reached out to
several strategic life insurance companies that could provide a
flexible solution to provide potential creative alternatives to
Facebook has quietly become a powerhouse user in the commercial real estate sector, leas-
ing millions and millions of square feet. In its
hometown of the San Francisco Bay area its leases
so far this year have totaled well over 3. 7 million
sf. All told it has well over 6 million sf in leased or
owned property in the Bay Area. But Facebook has
expanded well beyond is San Francisco roots, hav-
ing absorbed a good deal of space in multiple cit-
ies around the US.
To be sure, many of these leases are in
Facebook’s home state of California, such as
Burlingame Point, a new 803,000-sf office campus under construction that finalized an agreement with Facebook to lease the entire project.
Situated on 18. 13 acres on the edge of the San
Francisco Bay, Burlingame Point is a best in class
office development by Kylli, a wholly-owned subsidiary of China-based Genzon Investment Group
Co. The brand new project instantly doubled overall office inventory in Burlingame, which has not
had any new office/R&D development in over 20
years. In addition, this deal represents one of the
largest leases ever on the San Francisco Peninsula.
Brokers included Cushman & Wakefield’s Mike
Moran and Clarke Funkhouser and JLL’s Erich
Sengelmann and Gregg Walker.
Another California lease secured by Facebook
was at the Park Tower at Transbay in San
Francisco, a 43-story, 764,700 sf office developed
by MetLife, John Buck Co, and Golub & Co.
In the 2nd quarter of 2018, the Park Tower team
signed the largest lease in San Francisco office
market history with Facebook for the entirety of the
project. With JLL brokering the deal, key contribu-
tors included Ben Kochalski from The John Buck
Co., Joel Redmon from MetLife and JLL’s Chris
Roeder, who represented the landlord, and Ze
Figueirinhas from JLL, who represented Facebook.
The project was built by Clark Construction and
designed by Goettsch Partners and SCB.
In Sunnyvale, Facebook leased three buildings
at Moffett Towers II, a five-building project that will
total 1. 7 million sf when complete.
The one-million-sf lease was one of the largest
leases the social media giant signed for the year
and brought the project, which was developed by
Jay Paul Co., to full occupancy. brokerage
Newmark Knight Frank was the broker, with the
team led by Philip Mahoney.
In Fremont, Facebook signed a lease for 14
buildings totalling 750,000 sf that are owned by
Peery Arrillaga. The move to Fremont was in part to
accommodate its East Bay commuters.
Facebook also took 450,000 sf at The Village at
San Antonio Center in Mountain View, a mixed-use
office and residential campus that was developed
by Merlone Geier Partners, but leased through
We Work. Originally, Facebook was only going to
take one of the two office buildings but ultimately
secured leases for both buildings through We Work.
In Newark, CA, Facebook took 225,679 sf in the
Morton Commerce Center, a 605,000-sf industrial
FACEBOOK LIKES KEY LOCATIONS ACROSS US
The Southport Office Campus
Tacoma Logistics Center