Located on 4.22 acres in central downtown Lafayette, Corporate Terrace is composed of three terraced cedar shake office buildings--one two-story standalone structure and two three-story buildings joined by a common walkway and courtyard. Occupancy is currently 92%; the asking lease rate is $3 per sf per month, net of electric.

Glenborough chief executive Andy Batinovich tells GlobeSt.com that no tenants occupy more than 10% of the net rentable area and that there is "a very balanced lease expiration schedule."Located on the north side of Mt. Diablo Boulevard at 3466-3470 Corporate Terrace is the fifth acquisition by the Henderson Property Fund-Glenborough joint venture, HPF-GLB Fund I LLC. The purchase expands Glenborough's presence in the San Francisco Bay Area where the company leases and manages more than two million sf.