This warehouse and distribution center is located at the intersection of Interstates 680 and 580, a strategic location in a supply-constrained Tri-Valley submarket. The subject property is one of only a handful of warehouse buildings at the 580/680 location. The typical user is a local or national service-oriented, time-sensitive business that is willing to pay a premium to avoid the traffic delays of a Livermore or Central Valley location. Seagate and an institutional joint venture partner acquired the fully-leased building in addition to the adjacent developable land parcel. Upon expiration of the existing tenant’s lease several years later, the venture sold both the building and the land parcel to an owner-user.
The Adam Grant Building
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.