Property Manager PMRG Announces New Leases and Renewals During the Third Quarter of the Year, Building on Momentum at the Property Alameda, CA
- PM Realty Group (PMRG) today announced that between July and September of this year, 6 new leases and 8 lease renewals were completed at Alameda Point. Key among these are sailing and tech businesses, including Artemis Racing USA and wind tech company Kai Concepts LLC. Antiques by the Bay also renewed their license; this antique faire is the largest antiques show in Northern California and brings in over 10,000 visitors a month.
These leases and renewals are indicative of a growing interest in and excitement around Alameda Point as a destination for business. One of the new businesses leasing space at Alameda Point is Alameda Community Sailing Center, which provides opportunities to participate in sailing and other environmentally friendly activities on San Francisco Bay through access and education.
"We're excited to make Alameda Point our home," said Kame Richards, Co-Founder, Alameda Community Sailing Center. "Alameda Point is a one of a kind place that exactly suits the needs of community sailing, water, wind and access to the water! There's clearly energy around Alameda Point right now, with new businesses moving in, start-ups testing out new tech, and the sailing community enjoying the outdoors. We're glad to be a part of this community."
The companies that completed a new lease or renewed a previous lease during the third quarter of this year include the following. They total over 335,560 square feet plus licenses to use the property for everything from MythBusters to the development of aircraft concepts:
- Airclaims (new)
- Advanced Roofing Services (new)
- Alameda Community Sailing Center (ACSC) (new)
- Kai Concepts LLC (new)
- O Kalani Outrigger Canoe Club (new)
- Artemis Racing USA (renewal)
- Group Delphi (renewal/expansion)
- GFC Moving & Storage (renewal)
- Turn Key (renewal)
- Zee Aero (new)
- Bosch (renewal)
- Area 51 (renewal)
- Beyond Productions (MythBusters) (renewal)
- Antiques By The Bay (renewal)
"We're thrilled to share the growing momentum that is taking place at Alameda Point," said Rick Jones, Senior Vice President, PM Realty Group. "With Artemis Sailing USA, Google X companies, and Tesla Motors here at Alameda Point, it's clear that the property is becoming a hub for innovative and exciting business. We're continuing to build on these successes and working to bring new companies to Alameda Point."
In addition, PMRG recently announced Cushman & Wakefield as the leasing agent for Alameda Point, creating a dynamic team to meet the needs of the unique bayside property. Cushman and Wakefield has a long and successful history in Alameda, including involvement in such high profile projects as VF Outdoor, North Loop Center and Therasense (predecessor to Abbott Diabetes Care).
The C&W team plans to take its successful game plan to Alameda Point to increase exposure and further accelerate leasing. Cushman & Wakefield is one of the largest international real estate companies in the world and leverages a substantial brokerage network. Together with PMRG, Cushman & Wakefield will bring national and international exposure to Alameda Point.
Alameda Point is the commercial development situated on 1,000 acres and encompassing 90 buildings on the former Naval Base in the City of Alameda and along the San Francisco Bay. Alameda Point includes approximately 1.8 million square feet of leasable properties, and is home is home to over 80 companies and over 1,100 employees. These employers are as diverse as Google X companies, Tesla Motors, St. George Spirits, and Bladium Sports & Fitness Club. About Cushman & Wakefield
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world's major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge
About PM Realty Group
Headquartered in Houston, Texas, PM Realty Group (PMRG) is one of the nation’s leading real estate companies focusing on comprehensive property services, development and acquisitions. With a strategic presence in 30 markets, PMRG provides the highest quality services to its clients and investors. PMRG’s clients and investors include large financial institutions, advisors and high net worth individuals. By capitalizing on the team’s experience and expertise, PMRG has the ability to undertake large and challenging management, leasing, development and acquisition projects.
PMRG’s portfolio, including projects managed for third parties, includes commercial office buildings, mixed-use centers, corporate headquarters, industrial buildings, medical facilities, high-rise multifamily buildings and re-appropriated military facilities.
Our goal is to generate exceptional returns for our clients and investors by focusing on real estate fundamentals. For additional information, visit www.pmrg.com