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?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Ridge Capital Investors Pays $35 Mil for 191k sf Pleasanton Biz Park

8/04/15

Ridge Capital Investors has obtained $27.4 mil in non-recourse acquisition financing for Britannia Business Center III, a 191k sf office and R&D portfolio in the Bay Area city of Pleasanton. The REO property was purchased for $35.1 mil.

Britannia Business Center III contains approximately 125k sf of office space and 66k sf of R&D facilities, located in three, non-contiguous, single-story buildings. The R&D holdings are fully occupied by contact lens developer CooperVision Inc. The portfolio is occupied by eight tenants.

Ridge Capital, a San Francisco-based investment and development firm, will invest more than $2.5 mil in capital upgrades. The property will be rebranded as Diablo Technology Center.

Steven Buchwald and Lexington Henn of Mission Capital Advisors secured the non-recourse loan. Will Sledge, Patrick Arnold and Director Gregg Applefield of Mission Capital’s Asset Sales Group brokered the sale.

“With their plans for significant upgrades that will transform the buildings into best-in-class office assets, this was a strategic acquisition for Ridge Capital,” said Sledge. “Additionally, the portfolio’s vacant space is entirely contiguous, and can potentially reach full occupancy by securing a single tenant.”

Situated in Pleasanton, a suburb of San Francisco, the 13-acre portfolio is located within Hacienda Business Park, and neighbors several global technology companies, including AT&T and Hewlett Packard. The well-situated portfolio is near several major airports and highways, and is accessible to San Francisco and Oakland via mass transportation. It is also near a host of choice retail establishments, including restaurants and shopping centers.






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