Browsing articles from "January, 2014"
Jan 30, 2014
Synergy Blog Admin

NASA Finds Space on Earth with Assistance from Synergy Real Estate Group

NASAJust as NASA has exacting standards for its spacecraft, vendors and support staff, it also has strict requirements for its office space. For example, the minimum criteria of GS-12 or higher pay grades requires separate offices for responsibilities and security.

That was one of the considerations San Diego-based Synergy Real Estate Group faced when tasked by NASA to find a building to lease for 400 to 500 such employees near the Goddard Space Center in Greenbelt, Maryland, a suburb of Washington, D.C.

“We knew NASA wanted a property in close proximity to Goddard in a relatively short timeframe, so we tapped our international alliance of tenant-rep brokers who specialize in rapid turnaround,” said John Galaxidas, CEO/president of San Diego-based Synergy Real Estate Group, Corporate Advisory LLC.

“With the assistance of Debra Stracke Anderson, president and CEO of Sloan Street Advisors, we co-brokered to represent NASA in the transaction, leasing 120,000 square feet of office space for 450 staff at 7700 Hubble Drive in Greenbelt.

“NASA was pleased and Debra was recently selected by the Mid Atlantic Real Estate Journal for one of The Best Deals of 2010 when the transaction was formally announced.”

The property is now headquarters of NASA’s Joint Polar Satellite System (JPSS) division. It also provides space for National Oceanic and Atmospheric Association (NOAA) and select U.S. Air Force staff involved with JPSS.

JPSS is the next-generation, multifunctional satellite system intended to replace current long-range weather satellites. In addition to its weather capabilities, JPSS will have advanced research and defense surveillance capabilities. The first of three satellites is anticipated to be launched in 2016 and JPSS, a major program within NASA, is expected to have a program life of 20-plus years following the launch.

The JPSS property is one of three that Synergy has delivered and negotiated for NASA in recent years.

“We identify space no other firm can find because we contact every property owner, landlord listing broker and corporation to find missed lease and sublease opportunities,” Galaxidas said. “Most tenant rep firms rely 100 percent on commercial listing services to identify space. At Synergy, we track every space in the local submarkets daily and to be sure that clients are made aware of all possibilities, as many are not marketed publicly.”

To differentiate itself from other Commercial Real Estate firm, Synergy never represents landlords, only tenants. There is no cost for its service.

– By Glenn Grant, The Daily Transcript

Jan 13, 2014
Synergy Blog Admin

Synergy worked with U.S. Mint

US MintMore than 2,800 employees work at six United States Mint facilities. One facility is a depository, one is Headquarters, and four produce coins, one of which is located in San Francisco, California.

Inventory Manager of the United States Mint’s San Francisco branch under the direction of Richard A. Peterson, Deputy Director, United States Mint contacted Synergy for assistance in locating potential warehouses to accommodate the Mint’s growing inventory storage needs.

Synergy worked closely with Mint staff to identify a short list of California properties that met the Mint’s requirements in the event it decides to relocate its 50,000 sf warehouse facility from its current location in San Francisco.

Jan 9, 2014
Synergy Blog Admin

We bring a lot of market knowledge to the table

When money talks, people listen. Especially when the money is in the hands of the U.S. Mint.

So Synergy Real Estate Group paid close attention when it was contacted by the inventory manager of the Mint’s San Francisco branch for assistance in locating potential warehouses to accommodate the Mint’s growing inventory storage needs.

The Mint employs more than 2,800 workers at its six U.S. facilities. One is a depository, one is Mint headquarters in Washington, D.C., and four produce coins, including the San Francisco division under the direction of Deputy Director Richard A. Peterson.

John Galaxidas“In early 2012, the facility had outgrown its warehouse operation for limited-issue commemorative coinage,” said John Galaxidas, CEO/President of San Diego-based Synergy Real Estate Group. “So the inventory manager contacted Adam Sass, executive vice president in our Oakland office.

“Adam worked closely with Mint staff to identify properties in the South San Francisco, Millbrae and Brisbane areas in the 50,000- to 60,000-square-foot range. They narrowed it down to two or three that met the Mint’s requirements in the event it decides to relocate its 50,000-square-foot warehouse facility from its current location in San Francisco.”

When the decision is eventually made, Synergy will assist Mint headquarters with contract negotiations in its ongoing role as a corporate real estate adviser.

“The Mint relationship is a good example of our specialty,” Sass said. “What we’re really good at is representing tenants exclusively. They might know what they want but can’t always get a picture of what’s available for them in the market. We can help them track that down.

“It requires a lot of data crunching. We advise clients on what their best options are, and expose them to current inventories that could suit their needs. Once they decide on a location, we handle the negotiations and work to get them the best terms based on our knowledge of the market. We bring a lot of market knowledge to the table that lets us get a much better deal than the client would on their own.

“Clients come to us because they know the right property is out there but they don’t know how to find it. A lot of time, they’re dealing with the landlords, and as the owner’s representative, they’re giving a very limited picture of their own properties, not the full spectrum of what’s available.”

– By Glenn Grant, The Daily Transcript

Jan 8, 2014
Synergy Blog Admin

Synergy’s work with Tesla Motors as a Corporate Real Estate Advisor is on-going

Tesla MotorsTesla Motors, Inc. is an American company that designs, manufactures and sells electric cars and electric vehicle powertrain components. The Tesla Factory is an automobile manufacturing plant in Freemont, California. Its current production facility is on a 370-acre site is mostly unused by its 5,500,000-square-foot main building that does the final assembly of vehicle.

At the request of Tesla Motors, which was reviewing options for expanding its R&D operations on the Tesla Factory site, Synergy conducted extensive research to identify properties near Tesla’s Fremont, California campus suitable for a new 120,000sf facility for development and testing of its electric vehicles. Synergy’s comprehensive report provided Tesla the market data it needed to evaluate its options for present and future expansion. Synergy’s work with Tesla Motors as a Corporate Real Estate Advisor for a future R&D Test facility is on-going.