Jay Borzi and Steve Silk of Secured Capital represented both Summit Commercial and Koll Development in the transaction, but could not be reached for comment. According to unconfirmed reports, the sale price was around $110 million.
Koll Dublin Corporate Center was acquired from Newport Beach-based Koll Development Corp. The office campus, which is located at 420-4160 Dublin Blvd. In Dublin's 700-acre Emerald Park, consists of three identical four-story office buildings, which were completed in October of this year.
Koll Dublin Corporate Center is approximately 92% leased, with tenants including Avaya Communications, Calpine Corp., Hall Kinion, Simpson Manufacturing and EMC Corp. It is in close proximity to the 580/680 Interchange and the Dublin/Pleasanton BART Station. The project cost an estimated $100 million to build, but there has been no word on how much it was sold for.
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