Newmark Cornish & Carey today announced the Stella & Dot Family Brands (Stella & Dot, KEEP Collective and EVER Skincare) leased a full floor of office space at Diamond Investment Properties’ Sierra Point Towers for its new headquarters. The social selling accessories and skincare company joins a robust and diverse roster of high technology and biopharmaceutical firms in the Bayfront office campus, located just one mile south of San Francisco.
“With our recent expansion into a family of brands, we are looking forward to growing our business at Sierra Point Towers,” said Jessica Herrin, founder and CEO of Stella & Dot Family Brands. “We are inspired by the beautiful setting with Bay views as well as our newly renovated space designed to enhance collaboration and innovation.”
“Stella & Dot Family Brands is a great addition to our tenant roster,” said Steve Diamond of Diamond Properties. “Located at the gateway to San Francisco, our landmark towers are well positioned to capture tenants seeking exceptional office space with modern amenities and finishes reflecting the culture and aesthetics of forward thinking firms.”
Moving from San Bruno, California, Stella & Dot Family Brands will occupy the fourth floor of 8000 Marina Boulevard in May of 2016. Taking pride in creating a uniquely designed space for each of its tenants, Sierra Point Towers offers turn-key tenant improvements free of charge.
“We are constructing the stylish vision of the Stella & Dot Family Brands team along with their designer, Kendall Ershmar, and delivering a sophisticated office with open, 13-foot tall ceilings, a custom break room with luxurious finishes, decor cabinetry, quartz counters, shiny polished concrete and exquisite chandeliers, as well as unique spaces designed for creative, merchandising, photography and technology teams that will represent each of their growing brands,” said Andrew Diamond of Diamond Properties.
Several other fast-growing companies have recently moved to Sierra Point Towers. In January of 2016 Raptor Pharmaceutical Corp. (Nasdaq:RPTP) leased approximately 20,000 square feet. In August of 2015 leading China-based Internet technology company NetEase, Inc. (Nasdaq: NTES) left its Redwood Shores location to occupy approximately 20,000 square feet at Sierra Point Towers. In May of 2015 San Mateo-based Aimmune Therapeutics, Inc. (Nasdaq:AIMT) leased approximately 11,000 square feet, and then more than tripled its space leasing approximately 38,000 square feet in August of 2015. In spring of 2015 next generation design-build company Aditazz, Inc. moved from San Bruno into approximately 20,000 square feet of space at Sierra Point Towers.
“Sierra Point Towers truly has something for everyone,” said Craig Kalinowski, senior managing director of Newmark Cornish & Carey, who represents the property for lease. “Prime accessibility with shuttle service to Caltrain and BART is a draw, as are the amenities tenants expect in a Class A office project such as the onsite restaurants and food trucks, fitness center, basketball court, outdoor collaboration areas, ample parking, and the scenic Bay Trail which surrounds the property.”
Sierra Point Towers is comprised of twin eight and twelve-story Class A office towers with approximately a half-million square feet of Class A office space. The towers are located on Highway 101 at the first freeway exit south of San Francisco at 2000 Sierra Point Parkway and 8000 Marina Boulevard.
Savills Studley advisors Matt Chatham and Steve Barker represented Stella and Dot in the lease transaction.
About Stella & Dot Family Brands
Global social-selling fashion accessories brand Stella & Dot expanded into a Family of Brands in August 2014 broadening their impact and mission to give every woman the means to style their own life. Growing beyond the flagship accessories brand of Stella & Dot, the Family of Brands allows women to follow their personal passion to create a flexible social selling business opportunity just right for them as an Independent Business Owner. The Family Brands are made up of three unique social-selling platforms with products available online and through in-home trunk shows and social events, including: Stella & Dot, a boutique-style jewelry and accessories company offering an on-trend celebrity-coveted product line available exclusively through a trained network of Independent “Stylists”; KEEP Collective, an innovative charm concept on leather wrap bracelets, metallic bangles and necklaces exclusively sold by KEEP “Designers”; EVER Skincare, a revolutionary, high performance skincare regimen based on a proprietary complex from an ancient botanical that delivers measurable results within 30 days, exclusively sold through “Specialists.” The Stella & Dot Family Brands expands the company’s mission to impact more women while revolutionizing the earnings opportunity for current Stella & Dot’s Stylists. With a commitment to innovation and continuous improvement of the earnings opportunity, the integrated Stella & Dot Family Brands’ product range and compensation plan is game changing. For more, visit www.stelladotfamily.com.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark Grubb Knight Frank, one of the world’s leading commercial real estate advisory firms. Regionally, Newmark Cornish & Carey has more than 280 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.newmarkccarey.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.