“Belvedere Place achieved the highest price per square foot of any major office building sale in Marin County in 2016 reflecting the superior quality, incredible location and unparalleled amenities provided at this landmark property,” said Haden Ongaro, a Newmark Cornish & Carey executive vice president who represented both parties in the sale together with Mac Cranford and Mark Carrington. The team also represents the property for lease.

The property is adjacent to Strawberry Village, Marin's buy local shopping and dining property. Belvedere Place features freeway visibility off of Highway 101.

As previously reported, Angelo, Gordon & Co. recently closed its latest Asia fund at approximately US$850 million.

MILL VALLEY, CA—The sale of the 103,000-square-foot Belvedere Place has been completed at $46.75 million, representing one of Marin County's most significant sales, GlobeSt.com learns. A partnership entity formed between privately held real estate merchant bank, ScanlanKemperBard, and privately held investment advisor, Angelo, Gordon & Co., purchased the class-A office property from Bently Holdings.

“We are pleased to add Belvedere Place to our portfolio of premium properties,” said John Olivier, senior vice president of ScanlanKemperBard. “Belvedere Place perfectly complements our Novato office complex, Hamilton Landing. We now hold both Southern and Northern Marin's most prestigious properties where we can best support cutting-edge companies.”

Constructed in 2000, Belvedere Place located at 1 and 2 Belvedere Pl., is Southern Marin's newest office building featuring creative space with exposed ceilings, operable windows, a zen garden and covered parking. ScanlanKemperBard and Angelo, Gordon plan to further enhance the property by updating the exterior of the buildings, augmenting the landscaping with outdoor shared gathering spaces and constructing a gym complete with showers, lockers, bike lockers and bike storage.

At the time of sale, Belvedere Place was 60% leased. Recently, global financial services firm UBS leased 7,000 square feet at the property and Merrill Lynch Wealth Management renewed its 18,000-square-foot lease.

“Belvedere Place achieved the highest price per square foot of any major office building sale in Marin County in 2016 reflecting the superior quality, incredible location and unparalleled amenities provided at this landmark property,” said Haden Ongaro, a Newmark Cornish & Carey executive vice president who represented both parties in the sale together with Mac Cranford and Mark Carrington. The team also represents the property for lease.

The property is adjacent to Strawberry Village, Marin's buy local shopping and dining property. Belvedere Place features freeway visibility off of Highway 101.

As previously reported, Angelo, Gordon & Co. recently closed its latest Asia fund at approximately US$850 million.