Seagate Properties

A Real Property Investment & Operating Company

South Sparks Industrial Park

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The South Sparks Industrial Park portfolio is a seven building, 585,000 SF property on four parcels located just south of Interstate 80 in Sparks Nevada at Kleppe Lane and Sparks Boulevard. The project is five miles from downtown Reno and five miles from the Reno-Tahoe International Airport.

At the time of its acquisition, the tenant portfolio was 100 percent leased to 24 tenants averaging approximately 24,000 SF each. Seagate was looking to expand its industrial portfolio, specifically in the greater Reno market, and this opportunity fit with its diverse mix of tenants in a central location.

This acquisition is Seagate Properties’ second recent investment in Northern Nevada — in late 2017, the company purchased Northtowne Summit, a 220-unit multi-family property, in Reno.

810-830 Meredith

910-990 Kleppe

980-988 Packer

1400-1440 Kleppe

1420-1470 Kleppe

1480-1498 Kleppe

The Harbors

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Seagate Properties added this premier Class A multi-tenant office campus to its portfolio in 2019. Built in 1982 and consisting of 114,000 sf, this recently renovated, institutional-quality two-building project is located at 1 and 3 Harbor Drive in Sausalito, California.

Meticulously maintained and tastefully upgraded, each building at The Harbors contain three floors where tenants enjoy a shared conference room, indoor secured bike storage, a courtyard with wifi, car charging stations, on-site showers, and on-site property management. This peaceful office environment provides a sense of community and soul that matches the rich, colorful history of Sausalito.

Located in the affluent Southern Marin waterfront community less than four miles north of the Golden Gate Bridge, this incredible seaside campus is just a ferry ride to downtown San Francisco, an 8-minute bike ride to downtown Sausalito for amenities including retail shops and restaurants, walkable access to the surrounding hills and harbor, and several suites include balconies that allow tenants to take advantage of Sausalito’s year-round temperate climate.

The Senator

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The Senator, a 10-story, 180,123 sf historic landmark office building is located at 1121 L Street in Sacramento and directly across from the State Capitol and was added to the Seagate portfolio in December 2018. First opened in 1924, it was officially recognized as Hotel Senator until 1979, serving as a nexus of California political and social activity for more than 50 years, before it was converted to a multi-tenant office building in 1982. It reopened under the name Senator Hotel Office Building, giving lobbyists immediate access to California’s state politicians.

The property is on the National Registry of Historic Places and was designated in the Italian Renaissance style, with a large, high-ceilinged lobby and reception area and is centrally located in Downtown Sacramento with abundant shopping and dining, approximately five blocks from the new Golden 1 Center (Sacramento Kings arena), and one black from the Sacramento Convention Center and Community Center Theater, both of which will be undergoing a $300+M renovation which should greatly enhance the property’s immediate surroundings.

The previous owner acquired the building in 2015 and began a substantial renovation program to update the building’s vacant tenant spaces to appeal to creative office space users. Seagate immediately commenced upon a major restoration of the historic façade and continues the creative office improvements to vacant tenant spaces. Additionally, Seagate has made many other upgrades, including lobby updates, new outdoor patio upgrades, common area upgrades, and a new bike storage facility and a new conference center. Showers and a fitness center are planned to be completed in 2021.

The Atrium

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Built in 1983, the three-story aluminum and glass clad office building is designed around an open-air atrium, which recently underwent a $300,000 renovation and serves as a central gathering area for tenants, complete with Wi-Fi, new hardscape, updated water feature, and modern furniture. Other recent capital improvements include new signage, lighting, and the installation of an EV charging station. Seagate plans to continue with upgrades to the property and tenant spaces in order to lease up the current vacancy and retain existing tenants as leases expire.

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)

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.

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.