PRESS RELEASE: Green Street Advisors Signs Lease at 100 Bayview in Newport Beach
Newport Beach, CA – July 17, 2019 – Granite Properties, a commercial real estate investment, development and management company, announced today that Green Street Advisors, the premier provider of research, data and analytics to the commercial real estate industry, has signed a 35,000 square foot lease at 100 Bayview in Newport Beach. Green Street will relocate to the 6-story, 346,334 square foot, Class A office building from Newport Center.
“Green Street Advisors is excited to join the 100 Bayview community and benefit from Granite’s new ownership of and investment in transforming the property to a vibrant, productive, and fully integrated workspace,” said Craig Leupold, CEO of Green Street Advisors. “100 Bayview is a well-located, amenity-rich property that will inspire, invigorate, and reward our employees for years to come as we continue to invest in the growth of our business and team,” he added.
Green Street Advisors was represented by Travis Boyd and Alex Hayden of CBRE and Granite was represented by Dean Chandler and Justin Hill of CBRE.
Granite bought 100 Bayview in September 2018, and began a building improvement program scheduled for completion in the fourth quarter of 2019. The improvements enhance the amenity offerings and upgrade the lobby and outdoor plaza, enabling a variety of seating options for indoor and outdoor collaboration and socializing.
“We’re thrilled that Green Street Advisors and its team of commercial real estate experts have chosen 100 Bayview as their new workspace,” said Jason Purvis. “Our focus is on continuing to elevate our customers’ daily experience through ongoing improvements and Granite’s hospitality-driven Property Experience Team,” he added.
Other recent 100 Bayview lease signings include WeWork (slated to open in the fourth quarter of 2019) IHP Capital Partners and coffeehouse, Stereoscope. Besides Stereoscope, Granite also brings rotating food trucks, pop-up restaurants and healthy grab n’go food options to the building.
100 Bayview, located on 100 Bayview Circle, is minutes away from John Wayne Airport with immediate access to key freeways. A residential community surrounds the building and shops and dining destinations like South Coast Plaza and Fashion Island are in close proximity. The building offers flexible floor plans, offices with private patios, subterranean parking and a 250-room Marriot hotel with a restaurant inside. Promoting wellness, the onsite fitness center offers complementary fitness classes and the trailhead of The Back Bay Loop Trail is steps from the building for cycling, running or hiking.
Granite owns and manages eight Class A office buildings in Southern California totaling approximately 1.6 million square feet, including the 500 and 550@TheBrand Community in Glendale, OCS in Orange and 2600 Olive in Burbank.
About Green Street Advisors, LLC
Founded in 1985, Green Street Advisors is the preeminent independent research and advisory firm concentrating on the commercial real estate industry in North America and Europe. The company is a leading provider of real estate research, analytics, and data on both the listed and private markets. Learn more at www.greenstreetadvisors.com.
About Granite Properties
Granite Properties is a privately held commercial real estate investment, development and management company founded in 1991, with offices in Dallas, Houston, Atlanta, Denver and Southern California. It has completed more than $7 billion in real estate transactions and more than 27.1 million square feet of real estate development and acquisitions. Granite focuses on creating extraordinary customer experiences in each building through mixed-use environments rich in amenities and customer-centric service to help people flourish. Granite, a NREI Top Office Owner, has been named as one of FORTUNE’s Best Workplaces for seven consecutive years. For more information, visit www.graniteprop.com