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
Disposition
Leasing
Property Management
Status
Sold 2016
Address
1936 University Ave