EMERYVILLE, CA—The partnership of HarvestProperties and Invesco Real Estate hassigned Yelp to a 102,324 square foot lease at55 Hawthorne Street in San Francisco. The deal isYelp's first lease with Harvest and Invesco. Lease terms were notdisclosed.

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Yelp will occupy approximately 74% of the 11-story,138,092 square foot office tower which was built in 1970and features 17,000 square foot floor plates and a five-level, 348stall parking garage. The company also negotiated the right toexpand by another 34,000 square feet by 2018.

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"Yelp was founded in San Francisco 10 years ago, and we'recommitted to keeping our home base in the city and continuing tofuel the local economy with jobs and employee spending," saidJohn Lieu, head of facilities at Yelp. "Ourcompany has been fortunate enough to see continued growth, andwe're excited to be opening an additional San Francisco officespace at 55 Hawthorne Street, or 55 as we affectionately call it,located within walking distance of Yelp's existingheadquarters."

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Harvest and Invesco acquired 55 Hawthorne Street in July.Concurrently, Invesco also acquired the adjacent property,631 Howard Street. Together the buildings make upan office development known as Howard Hawthorne.Upon closing, Harvest positioned 55 Hawthorne in the leasing marketto offer over 100,000 square feet of full floor space to attractmany of the large tenant requirements in SOMA. Intwo and a half months, the Harvest team was able to stabilize 55Hawthorne and successfully converted Howard Hawthorne into a fullyleased project.

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In accordance with its repositioning plan, Harvest Propertieswill transform the Yelp floors into modern, open-ceiling creativespace and expand the building's window-line. Other tenants at 55Hawthorne Street include Dell and theGreater Bay Area Make-A-Wish Foundation.

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The property is one block from the thriving SecondStreet Technology Corridor and just a few blocks from themassive Transbay Project that is dramaticallychanging the landscape of downtown San Francisco. This leaserepresents an expansion beyond Yelp's current square footage at thenew Montgomery Street location thereby increasingYelp's presence in this burgeoning neighborhood with tenancy atboth buildings.

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"We are thrilled to add such an impressive high growth companyto our tenant base," said John Winther, founderand managing partner of Harvest Properties, "Their significantexpansion in the South Financial District is a testament to thestrength of that dynamic sub-market."

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Mark Geisreiter and CharlieWithers of CBRE represented Harvest andInvesco. Tim Kazul and JonWittemyer also of CBRE represented Yelp.

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Yelp Inc., is an online platform that connects people with greatlocal businesses. Yelp was founded in San Francisco in July 2004.Since then, Yelp communities have taken root in major metros across29 countries.

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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.