SAN CARLOS, CA-MarkLogic Corp., a provider of information infrastructure software, has extended its existing lease at 999 Skyway Rd. here. It has expanded into an additional 18,360 square feet, almost doubling its occupancy at the building.
MarkLogic now occupies 40,268 square feet of the 115,888-square-foot property. The property, Skyway Landing, is part of Equity Office Properties’ 18.5-million-square-foot portfolio in Northern California.
Built in 2000, the building is a three-story class A office building, part of a two-building complex on 12.55 acres next to Highway 101 in San Carlos. The mid-Peninsula location is 15 minutes from SFO and downtown Palo Alto and the building is a short distance from retail amenities at Redwood Shores Marketplace.
Derek Johnson and Chris Holland of Jones Lang LaSalle Inc. represented MarkLogic in the expansion and extension of its lease. Vahe Soghomonian of Equity Office Properties represented the landlord.
JLL tells GlobeSt.com that the lease on the existing space had six months to run. They could not disclose per square foot price or other financial information at this time, but did point out that the renewal on the space was 4.5 years and the lease term on the expansion space was five years.
Josh Narva, a vice president at MarkLogic, says in a prepared statement that the company is expanding its headquarters location to accommodate its growing employee base. “We took a good look at all of our options and decided expansion in our existing location made the most sense,” he says. “The full-floor expansion will sustain and support our efforts for the foreseeable future.” MarkLogic, is headquartered here, and has offices in Austin, TX, Boston, New York City, Washington, DC, London, and Frankfurt.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
