220 Park is Burlingame’s Largest Office Development in 20 Years

220 Park in Burlingame, a 184,000-square-foot class-A office development, represents the largest office development in downtown Burlingame in more than 20 years. It will incorporate the rehabilitated historic post office into a new six-story building including an 11,000-square-foot outdoor amenity space across four terraces.

Newmark, as an exclusive adviser to Dostart Development Company and Sares Regis Group of Northern California, recently secured the development financing. Ramsey Daya and Chris Moritz of Newmark’s finance team arranged the financing with an Australian pension fund. The project broke ground late last month.

“The combination of 220 Park’s one-of-a-kind location, exceptional design and attention to detail, along with the excellent track record of the development team, resulted in an extraordinarily competitive processes with banks, life insurance companies and pension funds all vying to provide the financing,” said Daya. “This is one of the most stunning office buildings that will be delivered in the Bay Area since the onset of the pandemic, and we are thrilled to have a part in helping Dostart Development and Sares Regis bring this project to the San Francisco Peninsula.”

This iconic trophy asset represents the new epicenter of downtown Burlingame, developed in concert with the city’s future Town Square, an adjacent 28,000-square-foot open space that will be Burlingame’s “living room”.