Class-A Space Goes for $1,565/SF
McCarthy Cook recently acquired Dropbox-anchored Castro Station, a three-building class-A office campus totaling 114,809 square feet in downtown for $179.7 million or $1,565 per square foot.
MOUNTAIN VIEW, CA—McCarthy Cook recently acquired Castro Station, a three-building class-A office campus totaling 114,809 square feet in downtown for $179.7 million or $1,565 per square foot. Castro Station is located adjacent to Caltrain and within walking distance to Castro Street amenities. The three buildings are situated on 4 acres and 94% leased to seven tenants, anchored by Dropbox.
Cozen O’Connor negotiated the joint venture and the management agreement for McCarthy Cook. The Cozen O’Connor team was led by Paul Rutter. Cozen O’Connor and Northwestern Mutual Life were advisor partners in the transaction.