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7/27/15
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Portland-based ScanlanKemperBard has acquired Hamilton Landing, a 406.4k sf, creative office campus in Novato, CA. The property consists of seven fully-renovated, two-story office buildings formerly used as aircraft hangars. It was sold by Barker Pacific Group.
With this acquisition, the company now owns 1.4 msf of space in the Bay Area. Terms of the deal were not disclosed.
Hamilton Landing was originally developed as a United States Air Force Base in 1936. The hangars on site were converted to office space in 2000. This unique retrofit has resulted in a unique Marin County office space. It is within walking distance of Sonoma-Marin Rail Transit (SMART) line, which is expected to be operational in 2016 and will provide a transit option rarely available in suburban areas.
SKB makes private investments to acquire commercial real estate properties throughout the western U.S. To date, it has invested in a wide variety of commercial properties throughout the west and most recently in Portland, Phoenix, Denver, Seattle and the San Francisco Bay Area. In the last nine months, SKB has made $418 mil in real estate acquisitions, including the recent $43 mil recapitalization of Westgate Center, a uniquely designed mixed-use project in San Leandro, CA.
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