JLL Completes $13M Sale of Orinda Boutique Office

While the office market continues to struggle in urban areas, the right property in the right location can still make a splash. Volwood Management has acquired 25 Orinda Way, a 29,000-square-foot boutique office building in the affluent East Bay suburb of Orinda, CA. JLL represented the seller, Long Market Property Partners, in the $12.8 million transaction.

“Despite a time of uncertainty in the overall office market, we are continuing to see interest from investors pursuing high-quality assets in markets with strong demographics, abundant amenities and quality of life,” said JLL’s Erik Hanson who led the team comprised of Rob Hielscher, David Dokko, Adam Lasoff, Mike Matera, Caroline Reynolds and Knute Bucklew.

Built in 1974 and renovated in 2018, the three-story building is 91% leased to a mix of tenants that include professional and medical services, biotech and public utilities. The property features exposed brick and timber and upgraded HVAC and lighting.