Cornish & Carey Commercial Newmark, the dominant force in commercial real estate, announced that KabamTM, a leading developer of massively multiplayer social games (MMSGs), executed a lease agreement to expand its headquarters for the second time in six months at 101 Redwood Shores Parkway, a modern, blue-glass 4-story Class A property located at the gateway to Redwood Shores.
Kabam established its headquarters at 101 Redwood Shores Parkway in March of 2010 in 15,000 square feet (sf) of office space, and first expanded in October of 2010 by leasing an additional 10,000 sf. In March of 2011, Kabam agreed to lease 15,000 sf of additional space bringing its total leased space to 40,000 sf. Jon Mackey of Cornish & Carey Commercial Newmark’s San Mateo office, together with Liz Hart of the firm’s San Francisco office, represent Kabam in all of its lease requirements. Kristoph Lodge and Matt Winters of Cornish & Carey Commercial Newmark’s Palo Alto office represent landlord Diamond Investment Properties’ Redwood Shores property.
In just over a year, Kabam has grown from 25 to 275 employees. The firm continues to hire and plans to add another 225-475 employees throughout its 3 locations over the next year. In early March, Kabam announced a new 25,000 sf lease at 405 Howard Street in San Francisco. The firm also has an office in Beijing. Currently, more than 200 Kabam employees work in the Redwood Shores headquarters.
Landlord Diamond Investment Properties (www.diamondprops.com) is an owner, operator, and developer of exceptional quality real estate properties. With approximately one million sf of trophy-quality commercial real estate in the Bay Area, Principals Steve Diamond and Andrew Diamond take a hands-on approach with their properties. Diamond has accommodated Kabam’s rapid growth and expansion needs twice in the year since the firm first occupied 101 Redwood Shores Parkway.
“We at Diamond Properties are pleased that Kabam chose our Redwood Shores property for its headquarters location and are excited to support their impressive growth,” said Andrew Diamond. “We take pride in the partnerships that we develop with innovative technology companies like Kabam.”
Other tenants at 101 Redwood Shores Parkway include Good Technology, Pricelock and TriNet HR Consulting Services.
About Kabam
Kabam is leading the next wave in social gaming by developing and publishing massively multiplayer social games (MMSGs). The company’s studios focus on combining the best elements of traditional and social gaming to appeal to a growing audience of gamers looking for deeper, more engaging social games. The first wave of Kabam’s new games for Facebook and leading media sites, including IGN Reader’s Choice Facebook Game of 2010 Kingdoms of Camelot, have been widely recognized for their depth of play and social interaction. Founded in 2006, Kabam has offices in San Francisco and Redwood City, Calif., and Beijing, China. More information about Kabam can be found at www.kabam.com.
About Cornish & Carey Commercial Newmark
A dominant regional real estate force since 1935, Cornish & Carey Commercial partnered in 2010 with Newmark, one of the largest independent real estate service firms in the world, to become Cornish & Carey Commercial Newmark. 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 core values of integrity and knowledge. Headquartered in New York, Newmark 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 Newmark
Newmark is one of the largest independent real estate service firms in the world. Headquartered in New York, Newmark 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 further information, visit www.newmarkkf.com.