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Columbia Property Trust renewed a 119K SF lease with DLA Piper at its University Circle office in East Palo Alto. The renewal will be effective June 2018 and run through June 2023. The renewal will keep the 451K SF University Circle complex 100% leased. This lease was Columbia’s largest remaining 2018 lease expiration on its portfolio, according to Columbia President and CEO Nelson Mills.
Other tenants in the complex include other law firms as well as tech tenants Amazon Web Services and NTT Innovation Institute. The University Circle campus includes three office buildings completed in 2003, in which Columbia owns a majority interest, and Four Seasons Hotel Silicon Valley, which is under separate ownership. Columbia is undertaking an enhancement of the campus’s central courtyard to create a more collaborative and entertaining communal space, which should be ready for tenants later this year.
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