First American Title Co. Extends Long-Term Commitment To Gateway Centre With Lease Renewal Transwestern Represents Sierra Pacific Properties in Deal to Keep 20-Year Tenant
WALNUT CREEK, Calif., Aug. 20, 2013 /PRNewswire/ -- Transwestern today announced it brokered a lease renewal for nearly 13,000 square feet in Gateway Centre. First American Title Co., an escrow and title company, has maintained office space in the prestigious East Bay office complex at 1850 Mt. Diablo Blvd. in Walnut Creek, Calif., for the past 20 years.
Transwestern Senior Vice President Scott Ellis and Vice President Matt Hurd represented Sierra Pacific Properties, the Gateway Centre owner that developed the 109,000-square-foot office complex 25 years ago. Cushman & Wakefield Executive Director Sabrina Hughes represented First American Title.
"With a 20-year history here, we are very pleased by First American's ongoing commitment to the building," said Ellis, Transwestern's lead broker on the transaction. "Gateway Centre is a highly desirable office complex with excellent freeway access, visitor parking and access to surrounding services and retail."
Gateway Centre is a Class A, six-story office building located in the retail and financial district of Walnut Creek. First American Title is located on the first and third floors, occupying six suites. With a convenient downtown location and more than 100 different restaurants within walking distance, Gateway Centre has immediate access to retail, Interstate 680, Highway 24 and Bay Area Rapid Transit (BART).
The privately held Sierra Pacific Properties has been in business for more than 70 years. It is one of the few local property owners to have built and retained major office buildings in the area.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.
Jack Skelley, JSPR