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92,000-SF Berkeley Center Changes Hands

BERKELEY, CA-Moroga, CA-based Mackenzie, Patterson, Fuller Inc. sells the Downtown retail, theater and office complex here to a locally based family trust for $17.2 million, according to the Marcus & Millichap brokers who had the disposition assignment.

By Brian K. Miller | Updated on December 05, 2004

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BERKELEY, CA-A locally based family trust recently acquired the retail and office components of Berkeley Center, a Downtown retail development that includes a hotel component not included in the sale, according to the Marcus & Millichap brokers who had the disposition assignment. The retail and office portion of the project totals 92,500 sf and was sold by Moroga, CA-based Mackenzie, Patterson, Fuller Inc. for $17.2 million.

The Berkeley Center covers an entire city block in Downtown Berkeley at 2200 Shattuck Ave. and 2070 Allston Way, one block from the UC Berkeley campus. The center was constructed in 1910 and is known as the redevelopment that began the “renaissance” of Downtown Berkeley. The upper floors are the hotel. The lower floors, consisting largely of retail space, include a 10-screen theater complex, a Wolfgang Puck Tacone restaurant, Starbuck’s, Cold Stone Creamery and a number of other unique retailers and eateries. Occupancy is about 95%.

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