Located at 2121 South El Camino Real, Bayview Plaza is home toone of the few high-rise structures in the immediate area. The newownership plans to invest $10 million renovate the property andleasing it up. Occupancy is currently 81%. Tenants includeBrownTrout, Enkata Technologies, Gurnick Academy and BayviewLending. The property includes 622 parking spaces.

"This property is attractive because of its strategic locationnear several key Bay Area transportation corridors and thesignificant upside potential," says Jeff Birdwell, President ofSares Regis Group's commercial division. "The Peninsula officemarket is coming back strong and the long-term real estate valuesof well placed buildings that have easy transportation access toSan Francisco, San Jose and the East Bay will become even moredesirable going forward."

Sares Regis Group will oversee the renovations and serve asproperty manager. The architect for the renovation is Chicago-basedValerio, Dewalt Train Assoc. Brokers Erik Doyle, Tim Grant andJames Lees from CB Richard Ellis' Foster City office brought thedeal to Sares Regis Group. Tim Grant, James Lees, Sandy Rodriguezand Garrett Hooker of CBRE will be the leasing team.