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Tiered Office Design and Location Get Buyer Notice

WALNUT CREEK, CA—Lowe Enterprises acquires 500 Ygnacio, a class-A office asset on the city's busiest corner, with plans to boost the exterior appeal of the property and build on the property's strengths by maximizing the space efficiency.

500 Ygacio 500 Ygnacio was acquired by a joint venture between Lowe and Cigna.

WALNUT CREEK, CA—The recognizable office fixture at the corner of Ygnacio and Main has been scooped up by Lowe Enterprises Investors in a joint venture with Cigna Realty Investors. The approximately 105,495-square-foot, four-story class-A office building has been acquired for $36 million or $350 per square foot, GlobeSt.com learns. The seller was the Pacific Eagle (US) Real Estate Fund.

“500 Ygnacio is well-located in an established business area in Walnut Creek. It has a diverse tenant base and offers an option for businesses to locate near residences and amenities,” said Brad Howe, co-CEO of Lowe Enterprises.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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