SAN MATEO, CA—Located at 999 Baker Way and 901 and 951 Mariners Island Boulevard, San Mateo BayCenter is approximately one-half-mile from Highways 101 and 92 and features a Caltrain shuttle stop. The property includes anchor tenant Marketo Inc., OpenText Corporation and Sares Regis Group.
Rubicon Point Partners, in its programmatic joint venture with Canyon Partners Real Estate, recently acquired San Mateo BayCenterfrom Rockpoint Group LLC. The purchase is the partnership's sixth acquisition through the Canyon Catalyst Fund, the CalPERS real estate emerging manager program, which is managed by Canyon Partners Real Estate.
“With a recent renovation and limited availability of land, San Mateo BayCenter is a strong investment for Rubicon's joint venture with Canyon Catalyst,” said Ani Vartanian Boladian, managing partner, Rubicon Point Partners.
San Mateo BayCenter III is located at 999 Baker Way with a total of 62,029 square feet and a sales price of $31.9 million or $515 per square foot. It was built in 1987 and renovated in 2014. It consists of one building and five floors, GlobeSt.com learns.
San Mateo BayCenter II is located at 901 Mariners Island Blvd. with a total of 118,596 square feet and a sales price of $61 million or $515 per square foot. It was built in 1982 and renovated in 2014. It consists of one building and seven floors, GlobeSt.com learns.
San Mateo BayCenter I is located at 951 Mariners Island Blvd. with a total of 121,472 square feet and a sales price of $62.5 million or $515 per square foot. It was built in 1982 and renovated in 2015. It consists of one building and seven floors, GlobeSt.com learns.
Recent improvements at San Mateo BayCenter include the addition of an indoor/outdoor community area with a cafe, full lobby renovations, an upgraded fitness center and locker rooms, new landscaping and signage.
“In our joint venture with Canyon Catalyst, we have strategically focused on properties with exactly the profile at San Mateo BayCenter: in-fill communities near to transit nodes, employment and an array of amenities,“ Vartanian Boladian tells GlobeSt.com.
NGKF capital markets' Steve Golubchik, Edmund Najera and Ben Bucci marketed the San Mateo BayCenter for sale with HFF's Michael Leggett. Rubicon Point Partners is a San Francisco-based real estate investment company.
SAN MATEO, CA—Located at 999 Baker Way and 901 and 951 Mariners Island Boulevard, San Mateo BayCenter is approximately one-half-mile from Highways 101 and 92 and features a Caltrain shuttle stop. The property includes anchor tenant Marketo Inc., OpenText Corporation and Sares Regis Group.
Rubicon Point Partners, in its programmatic joint venture with Canyon Partners Real Estate, recently acquired San Mateo BayCenterfrom Rockpoint Group LLC. The purchase is the partnership's sixth acquisition through the Canyon Catalyst Fund, the CalPERS real estate emerging manager program, which is managed by Canyon Partners Real Estate.
“With a recent renovation and limited availability of land, San Mateo BayCenter is a strong investment for Rubicon's joint venture with Canyon Catalyst,” said Ani Vartanian Boladian, managing partner, Rubicon Point Partners.
San Mateo BayCenter III is located at 999 Baker Way with a total of 62,029 square feet and a sales price of $31.9 million or $515 per square foot. It was built in 1987 and renovated in 2014. It consists of one building and five floors, GlobeSt.com learns.
San Mateo BayCenter II is located at 901 Mariners Island Blvd. with a total of 118,596 square feet and a sales price of $61 million or $515 per square foot. It was built in 1982 and renovated in 2014. It consists of one building and seven floors, GlobeSt.com learns.
San Mateo BayCenter I is located at 951 Mariners Island Blvd. with a total of 121,472 square feet and a sales price of $62.5 million or $515 per square foot. It was built in 1982 and renovated in 2015. It consists of one building and seven floors, GlobeSt.com learns.
Recent improvements at San Mateo BayCenter include the addition of an indoor/outdoor community area with a cafe, full lobby renovations, an upgraded fitness center and locker rooms, new landscaping and signage.
“In our joint venture with Canyon Catalyst, we have strategically focused on properties with exactly the profile at San Mateo BayCenter: in-fill communities near to transit nodes, employment and an array of amenities,“ Vartanian Boladian tells GlobeSt.com.
NGKF capital markets' Steve Golubchik, Edmund Najera and Ben Bucci marketed the San Mateo BayCenter for sale with HFF's Michael Leggett. Rubicon Point Partners is a San Francisco-based real estate investment company.
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