Seagate Properties
A Real Property Investment & Operating Company
Seagate expedited the purchase this three-story suburban office building located on 12.3 acres of land. The property was acquired at an above-market capitalization rate with below-market assumable financing due to a parnership dissolution. The property was fully leased to a credit rated tenant for use as their central information systems (computer) facility. Seagate subsequently sold the property at a substantial profit and reinvested the proceeds.
Constitution Square is a four story, 32,450 sq ft. mixed-use office and retail building located in the heart of downtown Berkeley, one block from the UC Berkeley campus and steps away from the entrance to the Downtown Berkeley BART station. Retail tenants include AT&T wireless and Togo’s Sandwiches.
This historically significant building was initially constructed in 1867 and is on the National Register of Historical Buildings and is located in the Jackson Square/Barbary Coast Historical District of San Francisco. This two-story front brick building is typical of many buildings located in the District. Known as the Ghiradelli Annex, it maintains the prominent façade, flush with the sidewalk, that was common to many of the pre-1906 earthquake buildings. Through its finely detailed proportions and historic architectural elements, it contributes strongly to the historic sense of time and place and thus the overall character of the District.
The Adam Grant building, originally built in 1908 and fully renovated in 2003, is a 14 floor historic office building strategically located at the northeast corner of Sansome and Bush streets in the heart of the downtown San Francisco financial district.
The building’s historic architecture features operable windows on all sides of the building, filling the interior spaces with abundant natural light. This renaissance / baroque building enjoys a prominent location one block from Market St. and the Montgomery BART/MUNI metro station, serving the Bay Area.
Seagate and an institutional partner acquired the property with greater than 60% vacancy and promptly stabilized the asset with a mix of high quality tenants. The property was sold in 2013 after substantial price appreciation.
