Walnut Creek, CA, August 24, 2011 --(PR.com
)-- Cornish & Carey Commercial Newmark Knight Frank announced that Burr Pilger Mayer (BPM), one of the largest West Coast-based accounting and consulting firms, executed an agreement to lease almost 20,000 square feet (sf) of office space, effectively doubling its Walnut Creek footprint. Beginning December 2011, BPM plans to occupy 2001 North Main Street (commonly known as 3 Ygnacio Center) in Walnut Creek. Alex Grell and Sean Cooley of Cornish & Carey Commercial Newmark Knight Frank’s Walnut Creek office represented BPM in its new lease with landlord Legacy Partners.
“We look forward to better serving our clients at this new location,” said Jenise Gaskin, the partner in charge of the Walnut Creek Office. “This move signifies our ongoing commitment to the businesses and families in the East Bay. As we expand our firm’s service offering and grow our expertise in areas such as international tax, our focus will continue to be developing and fostering our strong ties to our clients and our community.”
The new space will feature immediate access to BART, providing employees with increased accessibility to BPM’s San Francisco headquarters, amenities within walking distance, and a great work environment.
“BPM was able to reap the benefits of a sluggish Walnut Creek office market,” said Cornish & Carey Commercial Newmark Knight Frank Vice President Alex Grell. “Vacancy rates remain at historically high levels. However, we have seen a recent surge in companies looking for office space and do not expect the favorable terms BPM negotiated to be available in the near future. This increased demand will cause the office market to tighten and landlords to potentially increase rental rates.”
Cornish & Carey Commercial Newmark Knight Frank Senior Vice President Sean Cooley added, “BPM was able to successfully consolidate internal uses in the new premises by creating a floorplan that is highly efficient and flexible. Not only did BPM lower its per-square-foot occupancy costs, they were also able to get more employees in a sustainable environment.”
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 over 220 offices in established and emerging property markets on six continents. With a combined staff of 7,300 and revenues last year exceeding $861 million, this major force in real estate is meeting the local and global needs of owners, tenants, investors and developers worldwide. For more information, visit: www.ccareynkf.com
About Burr Pilger Mayer, Inc.
BPM, one of the largest accounting and consulting firm based on the West Coast, offers tax, business consulting, wealth management and audit services across a wide spectrum of industries from offices in Walnut Creek, San Francisco, Palo Alto, San Jose, Novato and Santa Rosa. The 400-person firm, which celebrates its 25th anniversary this year, is employee-owned, with a strong foundation of environmental, social and philanthropic stewardship. For more information, please visit www.bpmcpa.com.