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California  + Bay Area  + Office  | 

San Mateo Offices with Redevelopment Potential Change Hands

Cushman & Wakefield arranged the sale of 1840 Gateway, a 70,098-square-foot Class A office building located in San Mateo. The final sale price was $16,250,000.

The firm’s Gary Boitano, Ryan Venezia, Steve Herman, Jack Depuy, Seth Siegel, Scott Prosser and Courtney Trunnell represented both the seller, Monday Properties, and the buyer, SC Properties, in partnership with JLL’s Clarke Funkhouser.

“The San Francisco Peninsula is a region known for its dynamic business environment and strategic location,” said Boitano. “The significant capital improvements and the building’s potential for future redevelopment make it an attractive investment for SC Properties. We are confident that their local expertise and commitment to enhancing properties will bring substantial value to the community.”

Approximately 75% of 1840 Gateway’s square footage is finished as high-end creative space. The property also includes a multi-story glass-enclosed lobby and offers flexible zoning that allows for potential redevelopment to residential use.

Read More News Stories About: Cushman & Wakefield
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Cushman & Wakefield's Boitano

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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