Managing our portfolio

GE Capital Real Estate inks more than 1.4 million sf of North American leases in first 5 months of '10
Tenant-focused strategies lead to renewals and new lease success


NORWALK, CONN., June 1, 2010 – GE Capital Real Estate today announced Arden Realty, GE Capital Real Estate’s property services company, booked more than 1.4 million square feet of North American office and industrial space renewals and new leases. The deals occurred from January through May 2010 and include more than 550,000 square feet of new leases.


“We have had success in signing new leases and lease renewals by continuing to focus on tenants’ needs and becoming strategic partners with them,” said Joaquin de Monet, president and CEO of Arden Realty.


GE has sustained an edge as a well-capitalized owner/operator working with the brokerage community and providing a comprehensive Tenant Outreach Program. The program features tenant service managers who, in addition to property managers, resolve issues, run focus groups and meet specific tenant requests.


Other GE Capital Real Estate leasing initiatives include cost containment measures, sustainability innovations, tenant improvements, capital projects tied to property maintenance and upgrades and development of programs to leverage GE resources.


Recent transactions include a new ten-year 107,336 square foot lease to DigiPen Institute of Technology in Redmond, Washington; a new lease with existing long-term tenant Cingular Wireless for a 61,595 square-foot office space in the Seattle; and a new lease with Maxwell Technologies, a developer and manufacturer of energy storage and power delivery solutions, for 11,864 square feet of office space in San Diego, Calif.

Archive
  • New Lease With Cingular Wireless
    SEATTLE, WASH., April 1, 2010 –
    GE Capital Real Estate announced today that Arden Realty, GE’s property services company, signed a new lease with long-term tenant Cingular Wireless for a 61,595-square-foot office space in the Seattle market.
  • Fiserv Lease Renewals
    HILLSBORO, ORE., March, 29, 2010 –
    GE Capital Real Estate announced today that Arden Realty, GE’s property services company, has renewed two leases with Fiserv, a provider of technology solutions to the financial services industry, at 3400 and 3500 NW John Olsen Place in Hillsboro, Oregon.
  • 99.5k2ft Lease in Sunnyvale
    SUNNYVALE, CAL., March 04, 2010 –
    GE Capital Real Estate today announced it has renewed an existing tenant lease on a 99,500-square-foot property in Sunnyvale, California, for Aruba Networks, a publicly traded provider of secure, reliable, manageable and scalable wireless enterprise infrastructure.
  • GE Capital Real Estate Inks Commercial Lease Renewal in Detroit Area
    NORWALK, CONN., Oct. 1, 2009 –
    GE Capital Real Estate today announced it has renewed an existing tenant lease on a 107,000-square-foot property in the Detroit area for KRC, Inc., a logistics company and long-standing customer.
  • GE Capital Real Estate Awarded BOMA BEST Status at Twenty-Five Canadian Properties
    Toronto, Ontario, Oct. 1, 2009 –
    GE Capital Real Estate today announced, as part of its commitment to reducing the environmental footprint of its portfolio, twenty-five Canadian properties have achieved the Building and Owners Manager Association of Canada’s BOMA BEST certification.
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