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Seagate Properties

Seagate Properties

A Real Property Investment & Operating Company

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The Promenade

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.

Project Details:

Location

Berkeley, CA

Size

44,800 sq. ft.

Type

Office

Seagate Contributions

Acquisition
Disposition
Leasing
Property Management

Status

Sold 2016

Address

1936 University Ave
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