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March 10, 2011

Kidder Mathews Represents GCL Solar Energy on Upmarket Headquarters Relocation

SAN FRANCISCO, CA - China-based GCL Solar Energy has subleased 14,730 square feet at Steuart Tower in One Market Plaza in San Francisco. A leading supplier of polysilicon and solar wafers, GCL Solar has tripled in size since it opened is Northern American headquarters in 2010. It will relocate its headquarters to One Market from Embarcadero Center.

Kidder Mathews brokers, Skip Whitney, Tim Mason and Eric Bluestein, represented GCL Solar Energy in its transaction with The Capital Group, who was represented by CB Richard Ellis. The five-year deal was negotiated at a lease rate in the mid to high 40s.

"GCL Solar Energy took advantage of a slower market by securing a highly desirable space for a fantastic value, in a landmark building with stunning views and high-end improvements. The Capital Group and GCL Solar Energy were able to reach mutually beneficial terms," said Bluestein.

Kidder Mathews is the fastest growing commercial real estate firm in the Bay Area, and one of the largest full-service independent firms on the West Coast with over 400 professionals and staff in 9 offices including downtown San Francisco, Redwood Shores, and Santa Clara, as well as locations in Washington and Oregon. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, sustainability, and project and construction management services for all property types. The firm performs $1.95 billion in transactions, manages over 22 million square feet of space, and conducts 1,000 appraisals annually. For more information, go to www.kiddermathews.com

For inquiries, please contact Karen Benoit at 206.296.9600 or email: kbenoit@kiddermathews.com

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