This Week's Bay Area Deal Sheet
The California Society of Certified Public Accountants sold its 34K SF office building in Burlingame for $15.1M. The three-story building at 1710 Gilbreth Ave. was built in 1950 and renovated in 2017.
The society of accountants was represented by CBRE’s Kyle Kovac, Mike Taquino, Joe Moriarty and Giancarlo Sangiacomo. The building was sold to a private investor.
SALES
The Colorado Public Employees Retirement Association bought a retail complex in Walnut Creek for $16.1M. The addresses range from 1410 to 1444 North California Blvd. and the deal includes two smaller adjacent properties. The seller was Nearon Enterprises.
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Presidio Bay Ventures bought an 11-story building at 60 Spear St. for about $41M, which is about one-third of the $107M Clarion Partners paid for the 157K SF property in 2014.
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Secured Income listed for sale a 15K SF retail and office complex it seized through foreclosure, asking approximately $5.8M. The two buildings are located at 2726 and 2756 Goble Lane.
LEASES
Hive AI expanded in San Francisco, taking 57K SF of office space at 200 First St. in the Financial District. The space is a sublease from Okta, the cybersecurity firm, and the deal was brokered by Kidder Mathews.
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Whole Foods is expected to open a location in San Francisco’s Western Addition, according to an earnings call from Acadia Realty Trust. The property is at 2675 Geary Blvd. in the Anza Vista neighborhood.
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HYC leased a 35K SF flex building in Pacific Commons South, making the 1.7M SF industrial business park in Fremont fully occupied. CBRE’s Rob Shannon, Chip Sutherland and Bob Ferraro represented Overton Moore Properties and Invesco Real Estate, which co-own the property.
THIS AND THAT
MVE Architecture opened a studio at 150 Post St. in Union Square in San Francisco, the firm announced last week.
