SAN FRANCISCO—The sale of Arroyo Center, a two office/R&D buildings totaling 104,741 square feet in Pleasanton, CA, is a done deal. HFF marketed the properties on behalf of the seller, a joint venture between Cannae Partners and certain affiliates of Westport Capital Partners LLC.
Embarcadero Capital Partners LLC purchased the assets for an undisclosed amount free and clear of existing financing. HFF did not have any additional information to disclose to GlobeSt.com by deadline.
Arroyo Center is located at 5758-5794 W. Las Positas Boulevard within the Hacienda Business Park between Walnut Creek and Silicon Valley in Pleasanton. The 6.69-acre site is within 1.5 miles of the Dublin-Pleasanton BART station and less than two miles from the 1-580 and 1-680 interchange providing access to the greater San Francisco Bay area.
The properties were renovated in 2013/2104 and are fully leased to two tenants: Hewlett-Packard and Gatan, a subsidiary of Roper Industries. The HFF investment sales team representing the seller was led by managing director Steven Golubchik and director John Simerlein.
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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.
