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EverWest Bags Burlingame Bay Office Park for $110M
EverWest Real Estate Investors, in partnership with a group of Partners Group’s clients, acquired Burlingame Bay Office Park in Burlingame, CA from Burlingame Bay LLC for a reported $109.7 million. The two-building, five and eight story asset sits on roughly 13 acres overlooking the San Francisco Bay, and encompasses 261,959 square feet.
EverWest’s Ryan Madson, who directed the property acquisition, says “The North Peninsula office market is enjoying exceptional conditions, with overall vacancy at just 6% and strong and broad tenant demand that will continue to benefit well-located, high-profile projects like Burlingame Bay Office Park.”
NKF’s Chris Moritz and Ramsey Daya arranged roughly $81.5 million in financing for the acquisition and repositioning of the property, which was placed with subsidiaries of Colony Credit Real Estate, Inc.
The mid-rise Class A property is located at 555 and 577 Airport Blvd. and was built in 1983 and 1998.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


