Savills Studley Secures New HQ for Santa Monica Solar Energy Company
Los Angeles, CA (March 2, 2016)  

Savills Studley announced that it has secured new California headquarters for SolarReserve, a Santa Monica-based solar energy technology company. The company’s new headquarters are located at 520 Broadway in downtown Santa Monica, a move closer to services and public transportation. The lease also provides additional space for staff as SolarReserve continues to expand its business to meet global demand for its solar energy storage technology.

Matt Brainard, senior managing director, Steve Walbridge, executive vice president, and Dan Silverberg, managing director, of global tenant advisory firm Savills Studley, represented the solar power company in the transaction.

“Our focus was on evaluating alternatives centered on the company’s strategic considerations, including analyzing geographic priorities based on staff locations, with an emphasis on clean commuting and access to the new Expo line,” said Brainard. “We also provided project management and transition services to minimize disruption and ensure a seamless relocation.”

“Savills Studley helped us address our need for a new headquarters to accommodate current and future growth. The space provides more convenient access to city services and the new Exposition Light Rail Station, and provides a great balance of open environments, modern offices, and areas for collaborative work,” said Stephen Mullennix, senior vice president of operations for SolarReserve.

Savills Studley has been working closely with SolarReserve over the past several years as the company has grown from an early stage startup company to one of the leaders in large-scale solar energy projects.

About Savills Studley

Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 29 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.

The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).

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