ALAMEDA, CA–Alameda Center, a four-building, 155,040-square-foot office property portfolio has been acquired by PCCP LLC with a reported purchase price of $19.6 million. The seller was Steelwave (formerly known as Legacy Commercial).

Erik Flynn, managing director with PCCP, tells GlobeSt.com: “PCCP sees Alameda Center as an attractive office choice for tenants who desire to be close to the city while maintaining the comforts of a low density office park. Through our ownership, we anticipate completing targeted capital projects that will further enhance Alameda Center’s positioning in the market.  The project’s high-quality office space provides a great alternative for tenants who are being priced out of the neighboring markets of San Francisco, Oakland and Emeryville–all of who are experiencing rapidly rising rents. Additionally, with the pending 50,000 square foot vacancy, we will be one of only a few landlords in the East Bay able to offer contiguous vacancy of that magnitude.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2025 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.