Guidewire Signs 79,000 SQFT Direct Lease With Franklin Templeton, Keeping San Mateo HQ After Roblox Sublease
Why this matters
Commercial real estate continues to digest a multi-year reset in cost of capital. Transaction velocity is below the 2019-2021 trend but improving, cap rates have stabilized across most stabilized property types, and the bid-ask gap has narrowed materially in the past two quarters. Sponsors with permanent capital and operating platforms have an advantage in the current execution environment. The next twelve months will continue to reward underwriting discipline and operational sophistication over balance-sheet aggression.
Editorial analysis · Real Estate Trail Editorial
Guidewire Software has signed a 78,911-square-foot direct lease with Franklin Templeton for the San Mateo headquarters it has occupied as a Roblox subtenant since 2023, trading a sublease that runs out in mid-2027 for…
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