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SAN MATEO, CA-NetSuite Inc. has renewed and expanded its headquarters lease at Peninsula Office Park, a seven-building 492,000-sf development here that is now close to 95% occupied. The provider of on-demand business software re-upped for the 28,881 sf it has been occupying in Building Nine and took down an additional 29,888 sf in the building in a deal that includes building signage.

Peninsula Office Park is a 36-acre class A campus with views of San Francisco Bay and the San Mateo Bridge and easy access to The 36-acre, master-planned office park has direct access to Highways 92 and 101, Interstate 280 and San Francisco International Airport.

The lease takes Building Nine to 100% leased and the park as a whole to 94% leased. EOP did not release term or rate information and it was not otherwise available. The asking rate at the park is $2.25 per sf per month.

Ben Paul of BT Commercial’s Burlingame office represented NetSuite. Equity Office was represented in-house by Ken Young, managing director of leasing for the San Francisco region.

Peninsula Office Park is a seven-building property featuring more than 492,000 sf of class A office park in a park-like atmosphere with spectacular views of San Francisco Bay and the San Mateo Bridge. The 36-acre, master-planned office park has direct access to Highways 92 and 101, Interstate 280, and the San Francisco International Airport.

In other EOP news, the company hired a new director of leasing for the San Francisco region’s Petaluma Office. The addition is related to the company’s recent acquisition of the Basin Street Portfolio, which included office buildings in Sonoma and Marin counties and took the company’s class A market share in those counties to approximately 33% and 40%, respectively.

The new hire is Matt Krupp, who came over from Orion Partners Ltd., where he was most recently a leasing and investment specialist focused on Marin and Sonoma counties. His duties included responsibility for leasing Marin Technology Center in San Rafael, the largest privately held office complex in Marin County.

For EOP, Krupp is working with leasing specialists Sally Blatt and Richard Hayes on leasing management oversight for approximately 2.2 million sf of commercial office space. Krupp reports to Kenneth Churich, vice president-leasing for Equity Office’s San Francisco region.

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