WALNUT CREEK, CA–Transwestern has secured a long-term lease with Del Monte Foods for 26,683 square feet of office space on the sixth floor of PMI Plaza, at 3003 Oak Road. The iconic food producer and distributor will use the property for administrative services, moving some employees from San Francisco and other East Bay offices, Tanswestern said in a release.
The financial terms of the agreement were not disclosed.
"The move of Del Monte Foods to the East Bay is symptomatic of well-established corporate tenants relocating from the San Francisco and Silicon Valley markets to more affordable and accessible space in central Contra Costa County," said Transwestern managing director Ed Del Beccaro. He was lead broker on the transaction in representing the Plaza's owner, The PMI Group, LLC.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
