Jelly Belly Court
Redevelopment project involving the complete renovation and expansion of a 1924 un-reinforced masonry structure (formerly the Herman-Goelitz candy factory, aka “Jelly Belly”). The project was leased to a mix of office and residential tenants then refinanced with the sponsors retaining the largest ownership share. Project Details Location: Oakland, CA Property: 29K SF, Mixed-Use
9838 Old Placerville
Purchased in late 2008 following the Global Financial Crisis this building was formerly occupied by Intel Corporation. Tenancy by the State of California was secured shortly after acquisition and the project required significant renovation for it’s occupancy. The State of California was renewed in 2018 and the project was then sold to an institutional buyer […]
1333-1385 E Shaw Ave
Acquisition of an office building leased to Aetna Insurance in a complex sale & leaseback transaction that required the construction of a 500+ car parking structure and a multi-million dollar tenant improvement package. The operation of the property was stabilized and the project was sold to a national REIT. Project Details Location: Fresno, CA Property: 125K SF, Class […]
2235 Clement Ave
Acquisition of the former Reliance Sheet & Strip Company building located on the waterfront in Alameda, CA. The business plan of redeveloping the project for occupancy by a variety of marine relatedtenants was executed upon successfully. The redevelopment project required environmental remediation prior to renovation and leasing. Project Details Location: Alameda, CA Property: 200K SF, Heavy Industrial […]
9700 Goethe Rd
Acquisition of vacant office property. Tenancy from the County of Sacramento was successfully secured on a long term lease. The project was refinanced and recapitalized with the sponsors retaining 100% ownership interest to be held for a family trust. Project Details Location: Sacramento, CA Property: 45K SF, Class B Flex Office
Capital Corporate Center
Off market acquisition of 5 building project across 4 separate parcels from the HMO provider VisionCare. VisionCare would be vacating the project, thus a marketing campaign to bring the project back into the brokerage community was implemented and stabilized occupancy over 80% was achieved. The project was held long-term for cashflow but some buildings have […]
1900-1960 Alabama Ave
This 4 building complex was acquired from Aerojet Corporation and repositioned for tenancy by the State of California Department of Corrections which signed an 8 year lease. A long term hold was intended but a buyer approached offering an above market price and the project was sold. Project Details Location: Rancho Cordova, CA Property: 98K SF, Class […]
11017 Cobblerock Dr
Acquisition of high vacancy property in attractive location. The project was successfully marketed and achieved 100% occupancy by securing tenancy from 3 tenants that include Fireman’s Fund Insurance and WFB Insurance Services. Project Details Location: Rancho Cordova, CA Property: 91K SF, Class B Office
1011 Sunset Blvd
This project was acquired from Oracle Corporation in 2005 and consisted of a 118,000 sf building and 17 acres of undeveloped land. The occupancy at acquisition was 68%. The project was aggressively marketed and achieved 90% occupancy within 12 months. The building and land were sold at the top of the market in 2007. Project […]
1120 Sun Center Dr& 2969 Prospect park
This project was acquired from Legacy/Goldman Sachs in 2003 at an occupancy of approximately 17% at close of escrow. The project was aggressively marketed and achieved stabilized occupancy with tenancies of the State of CA and a variety of local and national tenants. Takeout financing was secured in 2004 and one building was sold to […]
