The Atrium The Atrium totals 163,791 square feet and is 90% occupied.

SAN MATEO, CA—The San Mateo market continues to benefit from its central location between San Francisco and Silicon Valley. According to Cushman & Wakefield research, San Mateo’s office vacancy dipped below 10% at the close of 2015. Average asking office rents in the submarket have grown 24% in the last two years.

Within this vibrant market, a strategically located property has changed ownership. Seagate Properties Inc. partnered with RGA Real Estate Investments LLC in the acquisition of The Atrium for $61.6 million or $376 per square foot. Located at 1900 South Norfolk St., the class-A office building is situated at the prominent intersection of Highway 101 and 92. The Atrium totals 163,791 square feet and is 90% occupied.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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