Premier Office commercial real estate news, analysis, trends and information including occupancy, rent, design, office space use and construction deals and players.
JLL arranged the $75.65 million sale and acquisition financing for the eight-story, 222,058-square-foot class A office building located at 300 Barr Harbor Drive.
Valent USA's 96,535-square-foot lease represents a consolidation of its Dublin and Walnut Creek operations into a location between the existing operations while meeting its high-end R&D needs.
The Southport, CT-based development firm says the extremely discounted price will allow Summit Development to renovate and reposition the 1.2 million-square-foot complex.
Central Park Plaza was attractive to prospective buyers due to its connectivity to the entire Bay Area by way of multiple major thoroughfares and convenient access to the VTA light rail on North First Street.