San Rafael Business Center

This five building office and light industrial property is centrally located within Marin County. The property was purchased subject to a limited remaining lease term. Seagate’s investment strategy included acquiring an adjacent property to increase the parking ratio, and subdividing the property into multiple parcels to allow for an exit through resale of individual buildings to either investors or owner-users. The property was ultimately purchased by the County of Marin for the creation of the new County Health Services Campus. Seagate, in cooperation with the County of Marin, redeveloped the property into the Marin County Wellness Center. This public-private partnership resulted in substantial savings in development costs.