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Fund Jumps at Chance to Own in Supply-Constrained Marin

SAUSALITO, CA—Roseview-PMRG Fund I LLC, a $250 million discretionary fund formed by PM Realty Group and the Roseview Evergreen Fund, has acquired 1 and 3 Harbor Drive.

By Lisa Brown | lisabrown | Updated on March 11, 2016

1 and 3 Harbor Drive The sloped-roof complex is characteristically Marin.

SAUSALITO, CA—With its architecturally distinct sloped roof and improvements on the horizon, a well-known two-building office complex has a new owner. Roseview-PMRG Fund I LLC, a $250 million discretionary fund formed by PM Realty Group and the Roseview Evergreen Fund, has acquired the complex, 1 and 3 Harbor Drive. The office asset was developed in 1982, is comprised of 114,314 square feet and is 81% occupied.

This is the first acquisition in Northern California for the fund, which was formed to acquire and reposition office properties across the United States. The Roseview/PMRG partnership also owns properties in Atlanta, Houston, Philadelphia, Boston and Tampa.

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