Cushman & Wakefield Heads Project Leasing Effort, Foresees Success of Executive Suite Concept Ahead
NAPA, Calif., March 25, 2019 – Cushman & Wakefield announced today that Napa Square, a premier office building located at 1455 First Street in downtown Napa, has introduced a brand new executive suite concept to the marketplace. Situated on the second floor of the 3-story building, the new offices are being offered to individuals or groups on a monthly or longer-term rental basis.
Cushman & Wakefield’s Margaret Duskin and Bo Harkins are heading the leasing efforts for the property which is positioned in one of the world’s most popular wine and culinary destinations.
Duskin said, “Our executive workspaces offer entrepreneurs, employees and employers alike greater flexibility, connectivity, and convenience both in terms of location and function.” She added, “Major nearby corporate hubs like San Francisco and Oakland already have extensive executive suites, and coworking concepts (such as Regus and WeWork). Commutes to San Francisco and Oakland can be very lengthy for executives and staff of such major metro-based companies, especially for those who live in Napa Valley and nearby communities. Napa Square’s executive suite approach creates a solution to ease the commute burden, and allows for full connectivity on a global scale.”
One of the employers taking full advantage of the new executive suites offered by Napa Square is Farella Braun + Martel, a major law firm headquartered in San Francisco. “We appreciate Cushman & Wakefield’s assistance in securing this unique office space in Napa Square,” said Farella Braun + Martel real estate partner Quinn Arntsen. “Together with our flagship wine country office in St. Helena, we are now better able to serve our diverse and expanding client base up and down the Napa Valley.”
Duskin noted, “As the Greater Bay Area continues to expand and commute times worsen, companies/employees continue to seek office and working alternatives to not only save time and increase productivity but also achieve employee satisfaction and for recruiting & retention. The Napa Square owners believe the executive suite concept will work very well in the Napa market. We fully expect to see more interest, both near and long-term. The building owner (Joss Realty) has innovatively introduced this concept to the Napa market. We have already arranged leases on about one-third of the offices in the executive suite.”
Napa Square is a high image, LEED Certified Class A office building, featuring parking, a major building conference room, onsite management and retail amenities of dining, banking, stock trading and professional services.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter