In the recent trio of lease deals, three new tenants have signed long-term lease to occupy 35,360-sf of the 77,175-sf Carneros Commons, a newly constructed office-flex development.
Carneros Commons is located within Napa Valley Corporate Park, a master-planned business center set at the junction of Highway 29 and Highway 221. The property is located minutes from downtown Napa and the Napa County Airport, and offers easy access to Interstate 80 and major Bay Area cities.
Phases III and IV of Carneros Commons are tentatively planned for development in the next three to five years. Suitable for campus-type developments, these phases encompass eight and one-quarter acres and offer up to 134,170 square feet of office-flex space.
Southcorp Wines, which recently merged with Rosemount Estates, has leased 23,107-sf for 7 years.
"We chose Napa because it is the heart of wine country," says Southcorp Wines Chief Financial Officer Scott Hamilton. "With our North American headquarters at Carneros Commons, we have access to an excellent employee base and a tremendous lifestyle."
EONE Global, a start-up technology firm, rented 8,900-sf for five years.
Glen Dowling of Cushman and Wakefield handled the Southcorp and eONE Global lease transactions.
Sunrace, a bicycle component manufacturer, has leased 3,353-sf for 5 years. The company will relocate from Oakland to take advantage of Napa's lower lease rates.
"These outstanding companies have chosen Carneros Commons for several reasons," says Rod Diehl, vice president and regional manager of Bedford Property Investors. "One, the complex offers real value in the Bay Area. In addition, Carneros Commons affords an ideal environment for business and for enjoying a more relaxed lifestyle."
A Carneros Commons representative told Globest.com that the average lease rate was $1.25 per sf, monthly.
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