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Seagate Snags Sausalito Office Campus
Connect Bay Area is coming up July 18, 2019 at the Grand Hyatt San Francisco. Get more information, and register to attend on this link.
Marin County-based Seagate Properties acquired The Harbors, a recently-renovated, institutional-quality two-building office campus at 1 and 3 Harbor Drive in Sausalito, CA. The 114,000-square-foot asset reportedly sold in the neighborhood of $53 million.
Seagate’s Wick Polite says, “We are excited to add this multi-tenant asset to our growing portfolio of properties throughout the Bay Area, and look forward to continued capital improvements and enhancing tenant amenities to attract new tenants to this incredible seaside office campus which is just a ferry ride to downtown San Francisco.”
JLL Capital Markets’ Michel Seifer, Rob Hielscher, Kristina Wollan and Erik Hanson represented the seller, Roseview-PMRG Fund I, LLC, a $250 million discretionary fund managed by Boston-based The Roseview Group. JLL’s John Manning, Alex Witt and Tom Gilliland arranged acquisition financing for the buyer.
The Harbors was built in 1982, and the three-story buildings are 81% leased to a diverse group of tenants including Aperio Group, Regus, Prima Medical, and Waggl.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


