JV Sheds Hamilton Landing for $115M
Hamilton Landing is a class-A creative office campus and development site totaling seven buildings and 406,468 square feet in Marin County that recently sold for $115 million.
NOVATO, CA—Hamilton Landing is a class-A creative office campus and development site totaling seven buildings and 406,468 square feet in Marin County. The asset recently sold for $115 million.
The seller was a joint venture between ScanlanKemperBard Companies and Independencia Asset Management and the buyer was Kennedy Wilson. The JLL Capital Markets team representing the seller was led by senior managing directors Gerry Rohm and Michael Leggett, and senior director David Dokko. The team also procured the buyer, Kennedy Wilson.
Originally developed as Hamilton Field Air Force Base in the 1930s, Hamilton Landing has been transformed from airplane hangars into a destination for creative office/open platform users that is widely considered one of the most successful adaptive reuse projects on the West Coast. The two-story buildings were redeveloped in 2000 and feature large, efficient floor plates supporting flexible suite sizes, open ceiling collaborative space, ceiling heights ranging from 13 to 28 feet and a unique raised floor system for energy efficiency and flexibility.
Hamilton Landing is located near the intersection of US Highway 101 and State Highway 37, which provides access to executive housing and labor pools located in Marin and Sonoma counties, as well as commutes from East Bay. Additionally, the property is less than one-half mile from the SMART Train extension.