Yelp HQ Fills Up Fast
140 New Montgomery (aka Yelp's HQ... aka the office that knows exactly where to go to lunch) just added a new tenant: Spectrum Equity, which is relocating from San Mateo County and taking an entire floor.
The financial services company signed for 11k SF on the 20th floor and will move from Menlo Park in the second half of the year. (This makes owner Wilson Meany's Seth Bland happy, snapped in one of 140's shells last year.) The lease is significant because it's another example of a company migrating into the city center, CBRE's Bill Cumbelich tells us. Many think of 140 as a tech building because of Yelp, but the new tenant shows the building bridges the spectrum of tech and traditional (oh, and its name just happens to be Spectrum).
There are four floors remaining in the 1920s-era PacBell building, with strong interest on each, Bill tells us. The renovated building is now more than 90% leased. CBRE will hold a broker's event on Wednesday to roll out a new video for the project and show off the remaining space up for grabs.