Seagate Properties
A Real Property Investment & Operating Company
Seagate has been managing 2176 Santa Rosa Avenue since 1991. It was the home of Pier 1 Imports for 32 years and now serves as Lumber Liquidators’ home as of 2021.
Located off Hwy 101 in the main retail hub of Santa Rosa, this free-standing one story 10,500 sq. ft. asset sits on 1.12 acres, has 78 parking spaces, multiple signage opportunities and ability to demise, allowing for a range of uses from retail medical, fitness, food and more.
Seagate added this Berkeley landmark office building to its property management portfolio in 2016. With abundant light, stunning large window views of history architectural detail, Shattuck Square is in close proximity to numerous restaurants, shops and services and located one block from U.C. Berkely, BART Station and major bus lines.
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:
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.
Seagate purchased this mixed-use project, consisting of 14 individual properties, as a single acquisition. Substantial value was created by arbitraging cap rates through an indivuual resale program, offering smaller properties to individual investors and 1031 exchange buyers.
The property enjoys high visibility from Highway 280, benefits from easy freeway access, and has ample parking for the professional corporations, retail users, and medical tenants.
A value-added purchase and renovation of a retail property located in the highly desirable Union Square district of San Francisco. This property was purchased in anticipation of a long term tenant vacating the entire building.
Following a subsequent renovation, the property was re-leased to three world class retailers at substantially higher rental rates. Substantial value enhancement was created through strategic re-tenanting of the building and careful market timing for the ultimate disposition of the investment.
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.
Southside square is a two story, mixed use retail/office building located on the corner of Shattuck and Channing Avenues in downtown Berkeley. The building features great natural light and operable windows and designated, onsite parking. Southside Square is just a short walk to BART, University of California, Berkeley and all downtown amenities.
This mixed use building provides both retail on the ground floor and a modern office space on the second floor. The building is conveniently located one block west of the the UC Berkeley Campus and one block east of Downtown Berkeley. 2108 Allston is home to the Berkeley Wireless research center, FedEx and Verizon Wireless.
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.
Seagate purchased an undivided tenant-in-common interest in this upscale community shopping center located in Marin County, California. The demographics of the trade area substantial, reflect the second highest per capita income in the US. The property enjoys immediate freeway access, a large parking field, and extrememly high visibiity from Highway 101, with nearly one-half mile of freeway frontage. Seagate developed a successful leasing and re-development plan which repositioned the property resulting in higher occupancy and income.
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.
Conveniently located between Berkeley’s main street, Shattuck Ave., and the UC Berkeley Campus, 2110 Kittredge is a three floor, mixed use building featuring retail on the ground floor and two floors of residential apartments above.
Retail tenants include Peet’s Coffee and T-Mobile.
