Seagate Properties

A Real Property Investment & Operating Company

Property Management

3030 Bridgeway

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Newly remodeled, 3030 Bridgeway is a perfect solution for your commercial needs or home away from home office. This two story property was built in 1942 by the US Army Corp of Engineers and sits on 1.29 acre site. The property is on an attractive and historic site and is enjoyed by over 85 tenants. Features include parking, conference facilities, on-site security, a common area kitchen and free coffee and amenities.

Located approximately 12 miles north of downtown San Francisco in Marin County, the property has excellent visibility on Bridgeway which is also the main street into downtown Sausalito. The main retail corridor in downtown Sausalito is just one mile from the property, via the Sausalito exit off Highway 101. Just across Highway 101 via Bridgeway is the Marin Gateway Shopping Center, with various restaurants, shops, and a pharmacy.

Foundry Square I

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Located adjacent to the Transbay Terminal between Fremont and First Streets, 400 Howard Street is one of the top Class “A” Office High Rise Towers in the South Financial District of San Francisco. Completed in 2008, the building is 10 stories consisting of 334,230 RSF. BlackRock is the sole office tenant occupying over 97% of the building. Being the sole office tenant,

BlackRock expects a level of service that exceeds that of most Class A office towers. The interface of the property management team together with BlackRock Corporate Services assures the seamless delivery of the highest levels of service, working together to achieve the goals and objectives of BlackRock and our institutional owner client.

44 Montgomery

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Seagate provides management to our institutional client of this 43-story above ground, Class ‘A’ office tower, which is ideally located in the downtown San Francisco Central Business District. 44 Montgomery was built in 1966-67, completely renovated in 1992, and in 1996. Designed by renowned architect John Graham (Seattle Space Needle), it was originally the World Headquarters for Wells Fargo Bank and once the tallest building west of the Mississippi.

Seagate as join venture partner and later as manager, has created, administered and managed the following projects:

  • Updated elevator controls and interior cabs – $4M
  • Common area improvements – $7.5M
  • Lobby redesign and construction – $2M
  • New roof mounted (air lifted) base building chillers – $2M
  • Established LEEDS-EB Gold status
  • Achieved highest Energy Star rating available (100)

Hellyer Oaks Technology Park

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Hellyer Oaks Technology Park offers a timeless architectural design with curved glass at corners. The project was completed in 1984 and is comprised of two office/R&D buildings containing approimately 350,000 sf. The site encompasses 20.95 acreas of land in Sourthern San Jose.

Parking is provided by perimeter surface lots with ~1,178 parking spaces. Conveniently located adjacent to US Highway 101 and Highway 85, providing easy access to North San Jose, the rest of Silicon Valley, the Peninsula and Morgan Hill. Seagate managed new lobby and entrance renovations bringing modern sophistication to the complex.

Interior and exterior renovations now complete and immediately available – design your own interior!

Montecito Plaza Shopping Center

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In 1986, Seagate identified this well located, yet run-down retail center as a unique value-added opportunity in an infill location. Substantial deferred mainatenance, passive management, high vacancy and poor market position resulted in a unique opportunity to renovate the physical structure and reposition and re-tenant the property. Retail sales increases exceeded 200%, continued high occupancy, and lease rates that lead the competitive markets attest to the successful implementaion of this strategy by Seagate.

5729 Fontanoso

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This low-rise rectangular office project is a single-tenant building that was built in 1999 with 50% office and 50% manufacturing area. Its construction matches well with the future demand in this submarket, which is comprised predominitely of technology (with light manufacturing), defense or biotechnology. This type of asset is extrememly flexible and fits well with the tenants in this submarket.

980-990 Fifth Avenue

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This two-story office building located at the San Rafael prime corner of Fifth Avenue and Court Street is within easy walking distance to downtown San Rafael. 980-990 was purchased by Seagate in 1999 and Seagate performed renovation that included bringing the building down to its steel frame, expanding the second floor window line, and constructing Class A office improvements. The property has been occupied as Seagate’s corporate headquarters since completion of the renovations in late 1999.

IREETM Certified

San Dimas Plaza

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A sophisticated investment client with a low tax basis asked Seagate to evaluate its $30 million dollar shopping center for creative alternatives to lessen its single market asset exposure.

Seagate proposed and successfully structured a “down-REIT” with a publically traded Real Estate Investment Trust, a stock for property swap that significantly diversified its portfolio, created liquidity and the ability to transfer shares internally, guaranteed a significant return for future years, all while deferring taxes to the future.

6955 Mowry

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Seagate negotiated the purchase of this manufacturing/distribution warehouse facility located on 8.2 acres of land.

The property was acquired at a substantial discount to market value due to the fact that it was encumbered by rents which were 30% below comparable market rental rates.

Seagate identified, negotiated, and structured the purchase of the property on behlaf of an investment client as their investment advisor.

401-405 River Oaks

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River Oaks consists of two R&D/Office buildings, on 8.21 acres of land. Building 401 was built in 1985 and later renovated in 2011 and contained 81,500 sf of R&D space. Building 405 contains 42,000 square feet and was built in 2001.

The building was previously fully leased to a single tenant, until they vacated. Seagate advised our client to sell the property as a multi-family housing site.

The sale was completed in 2012.

1900-2000 Alameda de las Pulgas

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As a third party manager, Seagate acted as leasing and property manager on this asset on behalf of a public pension fund client. Seagate’s active management and renegotiation of ongoing contract services, combined with an aggressive preventative maintenance program maximized returns to the client and enhanced the overall operations of the property.

The Promenade

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This 3-story building, the “Berkeley Promenade”, was sourced and purchased by Seagate to expand its presence in this dynamic market.

Seagate was attracted to the proeprty by its creative design, below-market leases, the supply to constrained nature of the downtown Berkeley market and the close proximity to BART and the University of California.

In addition, the property is somewhat unique within the submarket due to its large subterranean parking garage.

640 Second St

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640 Second Street was originally constructed in 1925 in the then industrial section of San Francisco and consists of three stories and 25,000 square feet of office space.

In the early 2000’s, the building was completely gut renovated and upgraded with a new elevator, a full fire-life safety system including fire sprinklers, ADA compliant restrooms and a new window system.

The modernization was accomplished while maintaining the overall ‘industrial’ feel of the property, with exposed concrete ceilings and walls remaining in an open workspace design.

Today, the property is one of among many small tech buildings located close to AT&T baseball stadium and is fully leased to three cutting-edge technology firms, each occupying one full floor of the building.

995 Market St

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995 Market Street is a 16-story office tower located in the San Francisco’s burgeoning mid-Market corridor on a prominent corner location at Sixth Street just steps from public transportation. The property is undergoing a significant capital improvement program that includes renovating the interiors to appeal to creative and high tech tenants.

995 Market Street is located within the Payroll Tax Exclusion zone, and benefits from the economic incentive plan implemented by the City of San Francisco in 2011 to attract tenants to the mid-Market area. Seagate oversees the maintenance and operation of 995 Market Street, and provides best in class services to all of its tenants.