Menlo Park, CA 2005 [ Core & Shell ]
2006 [ Tenant Spaces ]
How do you boost tenant occupancy and lease rates in a highly competitive market? Although Sand Hill Road is recognized as one of the most prestigious venture capital addresses in the nation, our client was finding it difficult to attract mid-floor tenants in this three-story building. The problem stemmed from the building’s original design as a single tenant building while the current market demanded a multi-tenant approach.
Approach & Solution
MKThink envisioned a opportunities to re-structure the layout of the building that would position mid-floor tenants to have equal presence within the building as upper or lower floor tenants. The key was to create a new lower lobby linked by a staircase “spine” ascending through the building’s three levels to the upper lobby. This wide and open circulation pathway enhanced tenant interaction, promoted visibility and successfully captured underperforming space into a prestigious address within the building. Natural rock outcroppings are incorporated into the daylight-filled interior which also serves as a gallery to house a portion of the renowned Anderson Collection, considered one of the leading private art collections in the nation. The building now leverages its full potential with eight tenants willing to pay top dollar for their space.