4040 Civic Center Dr. is a five-story class-A office building with more than 135,000 square feet.
SAN RAFAEL, CA—Marin remains a key component to the regional stability of the greater Bay Area. Its low 2.7% unemployment rate is a sign of the county's robust economic health. A diverse workforce generates more than $25 billion of annual personal income, while a very healthy business community contributes to the growth of the North Bay region, according to a report by Keegan & Coppin.
To that point, Innovatus Capital Partners LLC recently acquired 4040 Civic Center Dr., a five-story class-A office building encompassing more than 135,000 square feet in Marin County. The asset is located along Highway 101 and half a mile from the Northgate Mall, which includes a Cinemark with 15 screens, nearly 20 food offerings and more than 25 retail stores, and is undergoing renovation.
The property is also a short walk from the Sonoma Marin Area Rail Transit/ SMART Civic Center station. SMART, a 70-mile rail system connecting 14 stations from San Rafael to the Sonoma County Airport, will receive an extension connecting the rail line to the ferry terminal at Larkspur Landing later this year.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
