New York-based investors Madison Capital and Meadow Partners have bought a landmark office complex on the shores of San Francisco Bay from Emeryville, CA-based Orton Development.
The 517K SF tech and creative offices, located on Ford Point in Richmond—the historic site of a former Ford assembly plant—traded for $103.7M, according to a report in SiliconValley.com.
The Fords Point tech and creative complex is 87% leased. The buyers said Cushman & Wakefield, which advised on the sale, will handle leasing for the property.
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