Cushman & Wakefield's Jeff Chiate and Rick Ellison, who represented Rreef, say the four concrete tilt-up buildings are the last of 21 such buildings within the 374,000-sf business park to be sold by the San Francisco-based firm.
The brokers explain that, over the past three years, Rreef has been selling individual buildings to users and investors as the existing tenant leases expired. In this transaction, the four remaining leased buildings were packaged as one deal to close out the project, according to Ellison. The four buildings are at 2151, 2161, 2181 and 2200 Dupont. Mike Hefner of Voit Commercial Brokerage represented the buyer.
Rreef is an investment adviser with a portfolio of more than $16 billion in assets under management in approximately 400 properties.
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