Premier Workspaces, State of California Sign New Leases Totaling 22,410 SQFT in Concord
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Barker Pacific Group (BPG) has secured two new leases totaling nearly 25,000 square feet at Sutter Square in downtown Concord, Calif. The State of California has signed an eight-year 8,200 square-foot lease for its Dept. of Rehabilitation office. Additionally, Premier Workspaces has signed a 10-year lease for 14,210 square feet. The Bay Area-based coworking company moved in November 2022.
“We’re focusing on making services and amenities to appeal to current and future tenants,” said Michael Barker, managing director of BPG. “Adding Premier Workspaces will help attract startup businesses who will grow into larger spaces available throughout Sutter Square.”
“Premier Workspaces provides a cool, hip flexible working spot ideal for those relocating to the area, small businesses, and others looking to tie into the energy of a shared space,” said Michael Pollack, vice president of real estate at Premier Workspaces.
The leases raise Sutter Square’s occupancy to over 80 percent. Scott Ellis, Eric Erickson, and Matt Hurd of Colliers International’s Walnut Creek, Calif. office manage the leasing efforts for the building. CBRE’s Brian Beswick and Adam Ebner represented the State of California in their lease, while Bob Rush of US Realty Group represented Premier Workspaces in their lease, respectively.
Located at 1800 Sutter Street in downtown Concord, one of California’s highest-profile business communities, Sutter Square is three blocks from Concord BART and Highway 242. It is also within walking distance of major retail, financial, and business services. BPG acquired Sutter Square with JV partner Iron Point Partners in January 2020 and initiated strategic renovations. The nine-floor, 176,637-square-foot building includes six levels of private, secured subterranean parking.
ABOUT SUTTER SQUARE
Sutter Square is a nine-story office building located at 1800 Sutter Street in downtown Concord, Calif., one of California’s highest-profile business communities. Sutter Square offers 176,637 square feet of leasable space and six levels of private, secured subterranean parking. Sutter Square is within walking distance of major retail, financial, and business services and is only three blocks from Concord BART and Highway 242. Barker Pacific Group, the property manager, acquired the building with JV partner Iron Point Partners in January 2020. Colliers International handles leasing.
ABOUT BARKER PACIFIC GROUP
Barker Pacific Group (BPG) was founded more than 39 years ago and is comprised of experienced real estate professionals active in asset management, acquisitions, and development of major commercial projects. BPG developed 100 First Plaza in San Francisco and also owns and manages One Sansome Street in San Francisco. Some of the firm’s other notable projects include Hamilton Landing and Rowland Plaza in Marin County; The Fine Arts Building, 626 Wilshire Blvd., and 5055 Wilshire Blvd. in Los Angeles; 101 Continental in El Segundo, Calif.; City Square in Phoenix; and Tower 300 in Las Vegas. Additionally, BPG manages Storage Solutions, a growing leader in the self-storage industry, offering consumers and businesses a variety of self-storage space and supplies throughout California.
BPG also has self-storage facilities in Arizona. BPG has offices in San Francisco, Los Angeles, Phoenix, Sacramento, and Las Vegas. The company specializes in developing and acquiring institutional quality office, retail, and residential projects in select U.S. cities.