1000 Marina Meridian recently sold 1000 Marina to Phase 3 Real Estate Partners for $39.5 million.

BRISBANE, CA—A 104,000-square-foot, six-story multi-tenant office building was built in 1983 on 4-1/2 acres. at 1000 Marina Blvd. At the time of Meridian Property Company’s acquisition of the building in late 2016, it was 92% leased to seven tenants and the in-place rents were approximately 25% below the current market rents.