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MOUNTAIN VIEW, CA-The Swig Co. has acquired Mountain Bay Plaza, a 165,400-sf Downtown office complex here that is 100% leased to 33 tenants. The seller was a public pension fund represented by Koll Bren Schreiber. The purchase price was not disclosed by the parties involved and not otherwise immediately available.

Located at 444 Castro St. in Downtown Mountain View, the complex includes a 12-story tower and two extension buildings to the west of the tower. It has 154,525 sf of office, 10,865 sf of retail and two levels of underground parking. Mike Leggett of Cornish & Carey had the disposition assignment. He could not be reached for comment.

The largest tenant is Fenwick & West, which currently leases about 25% of the building and keeps its headquarters in an adjacent building. Other significant tenants include Thiots Insurance, Red Hat, Pittiglio Rabin Todd & McGrath, and Hawley Peterson & Snyder Architects.

Swig Co. chief executive Jeanne Myerson says the downtown Mountain View market offers a unique, upscale small town atmosphere rich with restaurant and cultural amenities. Moreover, the market is regulated to restrict over-development, she says.

Swig’s portfolio currently totals about 8 million sf of office buildings mostly in New York, the greater San Francisco Bay Area and Southern California. Last month, it acquired 501 Second Street, a 208,000-sf , 95% leased converted warehouse property located in the San Francisco’s SOMA Second Street Corridor. Earlier this year , is acquired Kaiser Center, a 1 million-sf Oakland trophy building purchased in partnership with GMAC Institutional Advisors for about $190 million.

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