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Bay Area Commercial Fundamentals Remain Strong

SANTA CLARA, CA—A recent multi-locational office portfolio sale shedding 661,319 square feet points to high net worth investors differentiating themselves from institutional investors, and taking advantage of market strength and cycle positioning.

25 Orinda Way 25 Orinda Way is one of the properties sold in the mega-portfolio.

SANTA CLARA, CA—With continued strong fundamentals in place throughout the Bay Area, an investor recently took advantage of timing in the cycle to shed a mega-portfolio of 10 assets. Sleepy Hollow Investment Company’s Bay Area office portfolio, which sold for approximately $130 million, is a collection of multi-tenant office buildings located in several key submarkets.

The portfolio encompasses 661,319 square feet of office space spread across 10 properties and is comprised of 14 separate office buildings located on more than 32 acres of land. The office properties were sold in components to five buyers that included Eagle Canyon Capital, Square I, STG Group, James Lindsey and Long Market Property Partners.

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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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