Located adjacent to Interstate 80 on the eastern shore of SanFrancisco Bay, the 7.6-acre development includes two five-storybuildings and three one-story buildings, all with glass and brickexteriors. Tenants include Novartis (Chiron), Jamba Juice(headquarters), MobiTV, Sendmail and Orb Networks. Occupancy isapproximately 90%.

Bob Gilley and Steve Hermann of CB Richard Ellis had thedisposition assignment. Neither TMG nor Principal would confirm thepurchase; the brokers could not immediately be reached forcomment.

Built in 1988, the property was originally the corporateheadquarters for Sybase. After Sybase relocated its headquarters toDublin in 2002, TMG Partners converted two of the three buildingsinto multi-tenant class A office buildings by adding lobbies andcorridors and leased them up; the third building is occupied byNovartis (Chiron).