Graham Street Realty (GSR), an affiliate of Hamilton Zanze, has sold The Redwoods, a nine-unit, 57,174-square-foot flex industrial property in Petaluma. Terms of the sale were not disclosed.

GSR sponsored the acquisition of The Redwoods, which was built in 1988, in December 2021. GSR oversaw a number of improvements, including the resurfacing of the parking lots, optimization of the fire and life safety systems and replacement of the roof membrane. 

“We are very pleased to complete the disposition of The Redwoods,” said Andrew Mustin, director of asset management at GSR. “Over the three-year ownership period, Graham Street Realty performed a number of important upgrades to the property, as well as a speculative suite buildout. These improvements significantly boosted the appeal of the property. Having successfully executed our business plan and increased occupancy from 55% to 94%, we felt it was the right time to transition this unique asset to its next steward.” 

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