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1/11/21
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Prologis has acquired Shaw Business Center, an 8.2-acre site in a strategic South San Francisco location.
Located at 200-212 Shaw Rd, 214-218 Shaw Rd and 1264-1272 San Mateo Ave, the property is adjacent to San Francisco International Airport and U.S. Route 101, connecting South Francisco to the rest of the Bay Area. The site is also 3.5 blocks from the BART San Bruno station and five blocks from the CalTrain San Bruno station.
“This transaction is part of our strategy to acquire properties near urban population centers and add value to drive growth,” said Darren Kenney, senior vice president of capital deployment at Prologis. “We are excited to expand our 3.2 msf portfolio in supply-constrained San Mateo County and find more opportunities to meet the demand for Last Touch® facilities.”
Darla Longo, Rebecca Perlmutter, Marshall Hydorn, David Black and Karl Hansen of CBRE represented the seller, SBC Investors LLC. Prologis was self-represented.
“This was an extremely rare opportunity to acquire a site of this size in South San Francisco,” said Perlmutter. “Users will gravitate to this excellent last mile location, with 3.5 million people within a 25-mile radius. The property is prime for redevelopment and could become the only state-of-the-art industrial campus serving San Francisco and the North Peninsula.”
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