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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.

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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