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11/21/18
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An investment entity led by Mark Hutchinson and Doug Twillman of San Francisco-based Dunhill Partners West picked up Woodside Office Center, an 89.5k sf, three-story Class A suburban office property in the affluent Marin enclave of Novato. The seller was a joint venture between Artemis Real Estate Partners and Ellis Partners.
Located at 7250 Redwood Blvd, Woodside Office Center is 92% leased to a diverse, high-quality mix of credit tenants representing a range of industries including co-working, investment management, environmental engineering, financial services, marketing, real estate and legal. Developed in 2003, the property offers its tenants beautiful landscaping and exceptional panoramic views of the northern Marin hillsides, along with electric vehicle stations and garage parking and the conveniences of downtown Novato.
Whitney Strotz and Steven Leonard of Cushman & Wakefield, in collaboration with Michel Seifer, Rob Hielscher, Kristina Wollan and Erik Hanson of JLL, represented the seller in the transaction. Cushman & Wakefield, which previously served as the leasing broker for the project, has also been retained by Dunhill to continue providing leasing services. Strotz and Leonard will continue serving in that role and Cushman and Wakefield will also continue to provide property management services.
“Woodside Office Center presents a unique leasing opportunity as it is the only Class A office project within walking distance to the amenities of downtown Novato, including the future Sonoma Marin Rapid Transit (SMART) rail station,” said Strotz. “We currently have four vacant suites available to accommodate small and mid-size users.”
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