The 5.43-acre property is located at the intersection of Kerner Boulevard and Bellam Avenue, providing immediate access to Highway 101, Highway 580 and the San Rafael-Richmond Bridge. The complex consists of two office buildings and three light industrial buildings.
Seagate Properties purchased the property in October 2003 in partnership with Buchanan Street Partners, for $12.2 million. Lucas Digital, Inc., a subsidiary of Lucasfilm Entertainment, leased the entire campus before relocating recently to a new campus in the San Francisco Presidio.
Prior to agreeing to sell the complex to the county, Seagate planned to subdivide and sell off the park in smaller pieces after Lucas vacated. Instead, Seagate says it will be managing and constructing the complete renovation of the buildings and grounds into a state of the art medical and wellness facility for the county.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.