This purchase of four contiguous office buildings located in the heart of downtown Berkeley, California was sourced as a single transaction by Seagate.
Seagate was attracted to the opportunities presented by the below-market income stream combined with an attractive intrinsic price.
The close proximity to BART and the University of California also weighed favorably in our decision to pursue this property. Seagate served redevelopment approvals of this 25,000 square foot site that resulted in construction of 152 Class A apartments.
Project Details:
Location
Berkeley, CA
Size
25,000 sq. ft.
Type
Multi-Family
Seagate Contributions
Acquisition
Disposition
Entitlement
Opportunistic Investment
Disposition
Entitlement
Opportunistic Investment
Status
Sold 2005
Address
2055 Center Street