Cornish & Carey Commercial Newmark Knight Frank announced today that Financial Engines (NASDAQ: FNGN), the largest independent provider of investment management and advice to employees in retirement plans, executed an agreement to lease 80,995 square feet (sf) of office space at Moffett Towers in Sunnyvale. Developed by San Francisco-based Jay Paul Company, the LEED Gold, 2 million sf office/R&D campus offers an amenity-rich environment in the heart of Silicon Valley. Cornish & Carey Commercial Newmark Knight Frank’s Phil Mahoney represents Jay Paul Company’s Moffett Towers property in all leasing engagements. David Thede, Jack Troedson and Ben Stern, also of Cornish & Carey Commercial Newmark Knight Frank, represented Financial Engines in the transaction.
“Financial Engines is looking forward to scaling our business at Moffett Towers,” said Financial Engines’ Chief Financial Officer and Executive Vice President, Ray Sims. “Moffett Towers is a next generation work environment. The LEED Gold campus is not only a healthier and greener place for Financial Engines to do business, but also provides valuable amenities that we look forward to offering our employees.”
Currently Financial Engines occupies approximately 50,000 sf at 1804 Embarcadero Road in Palo Alto. The firm plans to move into its new headquarters location in Moffett Towers in June of 2012 upon completion of tenant improvements. The space is currently in shell condition, providing Financial Engines the opportunity to easily configure the suite according to its unique business requirements. This larger headquarters location will accommodate both current Financial Engines headcount as well as future growth.
“Jay Paul Company is proud to welcome Financial Engines to the Moffett Towers campus,” said Jay Paul Company Senior Vice President and COO Janette D’Elia Sammartino. “We developed this campus to facilitate productivity, satisfaction and balance for industry leading companies and their employees. We are encouraged by the growing number of innovative enterprises, like Financial Engines, that are choosing to take advantage of Moffett Tower’s unique business relocation opportunity.”
Strategically located at the juncture of Highways 101 and 237 in Sunnyvale, California, Moffett Towers comprises 2 million square feet of LEED Certified Gold, Class A office space set on 52 artfully landscaped acres. The high-performance, green buildings offer 30-70% energy savings. The transit-oriented property lies adjacent to the light rail and minutes away from Caltrain; conscientious commuters also enjoy Bauer’s Wi-Drive luxury shuttle service to Moffett Park. The campus showcases seven award-winning towers, each eight stories high — offering unparalleled bay and valley views — and a 48,000 square foot fitness center with pool and café. Tenants include HP, Microsoft, Motorola Mobility, Rambus and Plaxo. For more information visit: www.moffett-towers.com.
About Financial Engines
Financial Engines is the largest independent investment advisor, committed to providing everyone the trusted retirement help they deserve. The company helps investors with their total retirement picture by offering personalized retirement plans for saving, investment, and retirement income. To meet the needs of different investors, Financial Engines offers both Online Advice and Professional Management. Co-founded in 1996 by Nobel Prize-winning economist Bill Sharpe, Financial Engines works with America’s leading employers and retirement plan providers to make retirement help available to millions of American workers. Financial Engines Advisors L.L.C. is a subsidiary of Financial Engines, Inc. (NASDAQ: FNGN).
For more information, please visit www.financialengines.com. The statements in this release are not guarantees of future plans. We undertake no obligation to update the statements in this release to reflect events, circumstances or changes that might arise after the issuance of this release.
About Cornish & Carey Commercial Newmark Knight Frank
A dominant regional real estate force since 1935, Cornish & Carey Commercial partnered in 2010 with Newmark Knight Frank, one of the largest independent real estate service firms in the world, to become Cornish & Carey Commercial Newmark Knight Frank. Regionally, more than 280 agents in 13 strategically located offices throughout Northern California create a powerful combination of people and services that uphold Cornish & Carey Commercial Newmark Knight Frank core values of integrity and knowledge. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.ccareynkf.com.
Newmark Knight Frank is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com.