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DivcoWest Expands Central Peninsula Portfolio

SAN FRANCISCO—The firm completes the purchase of 700-900 Concar Dr., which is currently 100% leased to tenants including Salesforce.

By Natalie Dolce | Updated on February 11, 2015

SAN FRANCISCO—DivcoWest has completed the purchase of 700-900 Concar Dr., a three-building, 2003-vintage, class A office campus in San Mateo, CA. The approximately 210,000-square-foot campus is 100% leased to five credit tenants, the largest of which are Salesforce and Japanese online retailer Rakuten.

Since its completion, the Campus has held a strong appeal for tenants, particularly those in the technology industry, because of its proximity to the Peninsula’s talent-base, surrounding retail and residential amenities and visibility and access to key transit infrastructure. 700-900 Concar Drive is less than half a mile from the Hayward Park Caltrain station and has direct visibility and accessibility to the San Mateo Bridge, Highway 92 and Highway 101.  

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