BERKELEY, CA—In an off-market transaction, the office building, Constitution Square at 2168 Shattuck Ave., was recently sold to Harvest Properties, in partnership with Roxborough Fund I, an affiliate of real estate investment firm, The Roxborough Group. The seller was a private individual and deal terms were undisclosed.
The three-story, 36,041-square-foot office building, with four ground-floor retail units, sits in a prime location one block from the University of California, Berkeley campus. Constitution Square is also located directly in front of the second busiest station outside San Francisco, the Berkeley BART station, which is slated for a $12 million renovation in 2016. Immediate BART access and adjacency to the 610-stall Allston Way parking garage provide transportation options and with the multitude of amenities in Berkeley, tenants have access to a live-work-play lifestyle.
John Winther, founder and managing partner of Harvest Properties, tells GlobeSt.com: "The primary motivation for this deal was the superior location in the heart of downtown Berkeley. It presents the perfect opportunity to leverage our skills as a full-service operator to add significant value to the property. We are proud to complete our first acquisition with partner The Roxborough Group and enter the diverse Berkeley market.”
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