News
LINKEDIN'S LATEST HOOKUP
December 22, 2011
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| It’s a good bet that Allen Matkins partner Eric Shelby has lots of connections on LinkedIn (and not just because he’s a busy real estate attorney). Eric recently represented HCP Inc in LinkedIn Corp’s 225k SF expansion at Mountain View's Shoreline Technology Park, bringing the biz networking site’s HQ to 373k SF. Eric tells us LinkedIn had been a subtenant of Microsemi for a portion of the new space, so it was a three-party deal in which the Microsemi lease was terminated and LinkedIn became a direct tenant. HCP also will build LinkedIn a new 70k SF building right next door. Eric notes that LinkedIn already leased a substantial amount of space at the park, so the fact HCP was able to accommodate its growth made it easier to stay in place. “Tenants are trying to expand, and they’re expanding in this way, which is subleasing and having us build new buildings.” |
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| Deborah Aikins of GCA Law Partners repped LinkedIn. The brokers involved in the deal include CBRE’s Christopher Jacobs on behalf of HCP and Cornish & Carey’s Joe Hamilton, Rod Scherba, and Wayne Kumagai for LinkedIn. Despite the third-party component, Eric says they managed to get the deal documented and agreed to in under a month. But then he’s used to keeping an eye on fast-moving parts: Eric’s a huge fan of the LA Galaxy. Speaking of staying in place, he’s anxious to see whether Beckham is going to sign on for another season. |
