Jack Troedson and Cherie Wittry of Cornish & Carey, who represented the tenant, note that the lease is a relocation of its headquarters from Palo Alto for Kaspick & Co., which serves the charitable community by specializing in planned gift management.
According to Scott Kaspick, managing director of the firm, a number of factors led Kaspick & Co. to relocate to Redwood Shores. The company wanted to consolidate its operations, which for the past few years had been in two different buildings in Palo Alto. It also wanted to acquire space for growth and to offer its employees a better working environment. In addition, Kaspick says, his company was looking for a building that could be designed to accommodate the way work flows in the company's office. This particular layout meets the need with a center core including open areas all around it.
Founded in 1989, Kaspick & Co. manages more than $2 billion for 58 charities nationwide. Its clients include some of the preeminent educational, medical, and religious organizations in the nation.
The two-tower Towers@Shores center features class A office space in a landscaped setting, along with a volleyball and bocci ball lawn. The center is within walking distance to a number of attractions, including the Pacific Athletic Club, Hotel Sofitel and the Marketplace at Redwood Shores. Other amenities include miles of walking and jogging trails along the nearby Bay Wetlands.
Equity Office Properties Trust is the nations largest publicly held office building owner and manager with a portfolio of 702 buildings comprising 123.1 million sf in 18 states and the District of Columbia.
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