The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Flex/Office Campus in South San Francisco Sells to SFF Realty Fund III in a $47.5 Mil Deal

7/11/18

SFF Realty Fund III, an affiliate of San Francisco-based PSAI Realty Partners, purchased Dubuque Center, a three-building, 112k sf flex/office/R&D campus in South San Francisco, for $47.5 mil ($424/sf). The property, located at 800-890 Dubuque Ave, was sold by Buchanan Street Partners.

Buchanan Street purchased Dubuque Center in 2015 as a value-add investment that would capitalize on the strong demand for flex office space surrounding the Oyster Point submarket, a hub for cutting-edge biotech businesses. In addition to physical improvements, Buchanan Street focused on converting underperforming industrial space into laboratories and other life science uses.

Dubuque Center was 93% leased at the time of sale to, among others, Walmart, Emerald Cloud Lab and Thermo Fisher Scientific.

According to Robert Dougherty, partner, Buchanan Street Partners, the firm felt that the property’s strategic location within the heart of San Francisco’s burgeoning life sciences and biotech hub supported repositioning the asset to meet the high demand from biotech users in a supply-constrained market.

Buchanan Street was represented in the sale by Michael Leggett, David Dokko and Ben Bullock of HFF.





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media