Renewed East Bay Migration Trend Shown Through Long-Term Lease At Growers Square Office Complex

WALNUT CREEK, Calif., April 23, 2013 /PRNewswire/ -- Transwestern today announced that it brokered a 10-year lease for engineering and software firm Computers & Structures, Inc. at the Growers Square office complex in Walnut Creek, Calif. Previously based in Berkeley, Calif., the tech company will occupy approximately 9,000 square feet on the top floor of what has become the central address for the local business community.

"This signifies the revival of a trend, with tech companies from San Francisco and Oakland, Calif. moving operations to the Interstate 680 corridor, which we haven't seen in a decade," said Transwestern Senior Vice President Scott Ellis, the lead broker in the transaction. Transwestern Vice President Trigger Reital assisted in the lease agreement and brokerage firm CTBT represented the landlord. 

Located at 1646 N. California Blvd., Growers Square is within walking distance of the Walnut Creek Bay Area Rapid Transit (BART) station and adjacent to the city's downtown retail shops, restaurants and business services. The complex, owned by global investment management firm Invesco, consists of three separate buildings for a total of 186,000 square feet. 

Founded in 1975, Computers & Structures is recognized worldwide as the pioneering leader in software tools for structural and earthquake engineering. Its software is used by thousands of engineers in more than 160 countries for the design of major projects, including the Taipei 101 Tower in Taiwan, the Bird's Nest Stadium in Beijing and the cable-stayed Centenario Bridge over the Panama Canal.

ABOUT TRANSWESTERN

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.

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SOURCE Transwestern