News
Sales Deets on Marin Sales
February 27, 2014
We found out just how much it costs to buy office complexes in southern Marin County. Yesterday, we told you about two sales and today we can reveal price tags and a buyer's identity. (So you can see if you were correct in your office pool.) Sources tell us it was New York Life that scooped up Drake’s Landing in Greenbrae--a three-building, 130k SF complex that's 88% leased--for about $60M. Wood Island in Larkspur traded to Harrigan, Weidenmuller under a 1031 Exchange for about $40M. The two-building site (pictured) is 95% leased and comprises two buildings that total 82k SF. It was a competitive process with a "great outcome" for all parties involved, sources close to the deal say.
