Seagate Properties

A Real Property Investment & Operating Company

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Rafael North Executive Park

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North Redwood Executive Park offers hilltop views overlooking the Northgate area of San Rafael and is the perfect small business executive park location! Located 12 minutes from central San Rafael, 3 minutes from the San Rafael airport, and 30 minutes from the John F McInnis County Park, 165-185 N Redwood is a serene, professional office building with easy Smith Ranch Road and Highway 101 freeway access.

Rafael North Executive Park offers operable windows, a courtyard square, and two large conference rooms facilitates for its tenants. Professionally maintained and managed with ample parking available.

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!

900-910 E. Hamilton Ave

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Seagate initiated and negotiated the purchase of this property, with an unsolicited offer, on behalf of a public pension fund client. The sellers need for increased liquidity created a unique purchase opportunity for Seagate and our client.

San Rafael Corporate Center

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San Rafael Corporate Center (SRCC) is a Class A, LEED Gold certified office campus situated on a landscaped 13 acre site in Central San Rafael, California. The property consists of four office buildings, two of which were initially developed in 2001. Seagate and a joint venture partner acquired two existing buildings and developed Phase Two of the property in 2010. Phase Two, consists of two, four-story Class A, LEED Gold certified office buildings, plus a four-story, 399 stall parking garage. The property has additional entitlements to develop approximately 89,000sf office building and one additional 615 stall parking structure. Seagate managed the following projects:

  • Developed 158,000 square feet of two new Class A office buildings and an associated 400 stall parking structure (Phase Two) on time and on budget – $62M
  • Established EB-LEED Gold status to the existing 152,000 square feet Class A office buildings (Phase One)
  • Managed and administered all entitlements with the City of San Rafael related to development and construction of the third and final phase of SRCC development for an 85,000 square feet Class A office building plus an approximately 600 stall parking structure.
  • Achieved highest Energy Star rating available

The property was sold in 2014 to BioMarin as their new corporate headquarters.

The Dakota at Governor’s Ranch

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A value-add purchase of a 246 unit apartment complex, built in 1996, on a 14.8 acre site. This garden-style property with all two-story buildings and private entrances, has a unit mix of 39% one bedroom units and 61% two-bedroom units. Located adjacent to the Southwest Plaza Mall in Littleton, Colorado, the Dakota was purchased at a significant discount to replacement cost with an opportunity to upgrade community amenities and unit interiors. The community clubhouse landscaping and pool were recently upgraded, washer/dryers were added to all the units, and 45% of the unit interiors have been renovated.

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.

The Wellshire

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A value-add purchase, this twelve-story, high-rise community was built in 1962 and is located in southeast Denver. The Wellshire is a one of kind community with wrap-around balconies, floor to ceiling windows, and spacious units averaging nearly 1,000 sf. The Wellshire is ideally situated to benefit from a value-add renovation program due its central location, large units, dramatic views, and strong demographics.

Upgrades at the property include the conversion of the 12th floor community room into an additional unit, enhancement of the roof deck with a fire pit, outdoor TVs, and new BBQs. On the ground floor, Seagate completed a 3,500 square foot expansion and renovation including a new leasing office, community room with pool table and shuffle board table, fireplace, kitchen, and conference rooms. In addition, the courtyard was renovated to include a firepit, water feature, landscaping improvements and renovated dog park.

2465 Latham

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This Class A, transit-oriented, multi-tenant office building is located near downtown Mountain View, in the heart of Silicon Valley, walking distance to the San Antonio Shopping Center and San Antonio Caltrain station. Seagate acquired the property, corrected various deferred maintenance items, renovated the lobby, and stabilized the tenancy, all ahead of the steeply rising curve of Silicon Valley investment property values.

2850 Telegraph

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Located on Telegraph Avenue in close proximity to both University of California Berkeley and Alta Bates Medical Center, this building had been occupied as a single-tenant facility for nearly thirty years, and suffered from capital starved, dysfunctional ownership. Seagate acquired the property with the strategy of completing a major seismic upgrade and repositioning as a multi-tenant office building to serve the needs of the adjacent medical and educational community. Seagate subsequently sold the property to the University of California, Berkeley and it is used as administrative offices for Boalt Law School.

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.

Rincon Towers

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This sleek and modern 320-unit tower underwent a rental apartment project to condominium conversation in February, 2007. Designed by architect Johnson Fain in 1989, 88 Howard is now part of San Francisco’s exciting condo-conversion
trend.

Sunset Creek

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A value-add purchase of a 310 unit apartment complex, built in 1966, on a 27 acre site. This low-density property enjoys a unit mix of 25% one bedroom units, 49% two-bedroom units, and 26% three-bedroom units. Sunset Creek was acquired off-market from a long term owner at a significant discount to replacement cost and an above market cap rate.

Located adjacent to the University of Colorado at Colorado Springs and the 700,000sf University Village Town Center, the property was ideally situated to benefit from a value-add program that included a fully renovated clubhouse, new pool and spa, landscaping upgrades, exterior paint, common area upgrades, and renovation of 10% of the unit interiors.