ROHNERT PARK, CA-State Farm Insurance has sold a 283,230-square-foot office property here in Rohnert Park, CA, just north of San Francisco. The deal is considered one of San Francisco North Bay area's largest office sales transactions in 2013.
The buyer was JNI LLC (SunCal). The sale price of the property, which served as a former State Farm claims facility and call center, has not been disclosed.
According to Cushman & Wakefield, which advised State Farm on the transaction, the property sits on a 29.88-acre site at 6400 State Farm Dr.
The West Coast brokerage team on the deal was led by senior director Sean Heaton of the Portland, OR office. In addition to Heaton, other members of the Cushman & Wakefield brokerage team that advised on the transaction include: executive director Glen Dowling and director Tony Sarno of the San Rafael, CA office, and senior director Dennis Richardson of the Los Angeles West office.
The State Farm transaction was especially notable given the size of property and the fact that it was vacant and sold without any new entitlements, says Cushman & Wakefield.
Check back with GlobeSt.com for more on this story, including what SunCal plans to do with the space.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
