The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 13, 2021
 Search RENTV
   Go!
 Video Programs
 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
Brookfield Property Partners Spends $630 Mil on Bay Area Office Asset

4/05/21

A Brookfield Property Partners affiliate purchased a two-building, 456.8k sf office asset in Mountain View in a $630 mil transaction. Built in 2017, the complex is leased to WeWork.

The property is located at 401 and 391 San Antonio Rd, at the intersection with at El Camino Real. Situated less than half a mile from a Caltrain stop, the property’s location offers easy access to much of the Bay Area.

The two buildings are LEED Gold-certified and are 217.8k sf and 239k sf in size. The asset, which includes a 1,200-space parking garage, 24k sf of retail space and an ICON multiplex theater, is part of The Village at San Antonio Center, a mixed-use project that also contains a 90k sf retail center, a 330-unit apartment property and a 157-room Hyatt hotel.

Brookfield purchased the property, including closing costs, with about $137 mil in equity and a loan of $505 mil. The buildings were sold by an affiliate of Merlone Geier Partners.




Return to the previous 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 © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media