Navis Signs New Office Lease at Jack London Square for Global Headquarters
Jack London Square Ventures Announces New 35,000 Square-Foot Office Lease for Maritime Company
February 16, 2012
Oakland, CA - Jack London Square Ventures announced today that leading maritime technology and cargo management company, Navis, signed a new office lease of approximately 35,000 square feet to house its global headquarters at Oakland's Jack London Square. The new office space spans the entire 6th floor and half of the 5th floor at the new LEED silver certified 55 Harrison Street building. A prime waterfront location, the building features decks and sweeping water and city views. Navis is targeting an August 2012 move to Jack London Square from its current offices at 1000 Broadway Street in downtown Oakland.
"We are expecting to be making this move to Jack London Square," stated Rober Dillon, Vice President of Finance at Navis. "This new space provides Navis with room to expand and a modern working environment that supports the development of advanced software for the most technologically advanced container terminals in the world."
The Navis lease announcement follows strong commercial leasing activity at Jack London Square from the second half of 2011. At the 55 Harrison Street building, Navis joins solar energy company, Sungevity, which is moving into its third floor headquarters this month. Also at 55 Harrison Street is Daniel Patterson's acclaimed new restaurant, Haven. Navis, a global technology company that manages the movement of cargo through terminals, employs over 500 workers across the globe.
"We are thrilled to have another world-class tenant joining the growing community at Jack London Square," said Will Miller, Director of Lease, Ellis Partners LLC and partner of Jack London Square Ventures LLC. "Having companies such as Navis choose Jack London Square further establishes this revitalized waterfront area as a premier location and employment hub for a variety of industries and firms. An increased commercial and residential population at Jack London Square translates into success for all businesses in the area - from retail and dining to recreation and entertainment."
Jack London Square Ventures was represented by brokers Ryan Hattersley and Daniel Bisabri of Cushmand and Wakefield. Navis was represented by brokers Sam Swan and Jon Elser of Jones Lang LaSalle.
Navis, a part of Carotec Corporation, is the global technology standard for anaging the movement of cargo through terminals, standing the test of time. Navis combines indurstry best practices with innovative technology and world-class services to enable our customers to maximize performance and reduce risk. Whether tracking cargo through a port, automating equipment operations, or managingn multiple terminals through an integrated, centralized solution, navis provides a holistic approach to operational optimization. This provides improved visibility, velocity and measurable business results. Together with hardware partners in the Navis Star Technology Alliance, Navis integrates the industry's leading terminal operating system with select, 3rd party, best-of-bredd technologies, to offer complete, pre-integrated solutions that are deployed quickly and easy to maintain. The Navis SPARCS N4 terminal operating system provides more system functionality and more visibility both within and outside the enterprise, enabling customers enhanced flexibility, scalability and competitive advantage. For more information, visit www.navis.com.
About Jack London Square Ventures:
Jack London Square Ventures is a partnership between two reputable real estate and development entities, Ellis Partners and DivcoWest, formed in early 2011 to strategically fund, further develop and improve and populate Jack London Square. These two entities individually - and now together - represent decades of success in real estate development and leasing for focusing on projects with high community value and benefit and with an approach of creativity and care. The Jack London Square project epitomized the Jack London Square Ventures' values and culture: representing characteristics like service, qualaity, value, and attention to detail.
Founded more than 18 years ago in Northern California, DivcoWest has become one of the nation's leading fully integrated real estate investment and management firms. In addition to investing more than $1.3 billion in equity, DivcoWest has acquired more than 22 million square feet of high-level commercial space in locations throughout the US. The company has offices in Boston and San Francisco. www.divcowest.com
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