SAN CARLOS, CA-With prices going up, and inventory being squeezed, the County of San Mateo is selling an office complex it acquired just two years ago.

The county is working with CBRE to market the Circle Star Center office complex in San Carlos a two-building, 208,000-square-foot project, which is fully-leased to SoftBank. This according to a report in the Silicon Valley Business Journal.

"We realize the market was changing and there was significant opportunity there," deputy county manager Peggy Jensen told the media outlet.

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
NOT FOR REPRINT

© 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.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.