 |
| Steven Golubchik |
SAN FRANCISCO, CA – HFF announced today that it has closed
the sale of Arroyo Center, two office/R&D buildings totaling 104,741
square feet in Pleasanton, California.
HFF
marketed the properties on behalf of the seller, a joint venture between Cannae
Partners and certain affiliates of Westport Capital Partners LLC. Embarcadero Capital Partners, LLC purchased
the assets for an undisclosed amount free and clear of existing financing.
Arroyo
Center is located at 5758-5794 W. Las Positas Boulevard within the Hacienda
Business Park between Walnut Creek and Silicon Valley in Pleasanton.
The 6.69-acre site
is within 1.5 miles of the Dublin-Pleasanton BART station and less than two
miles from the 1-580 and 1-680 interchange providing access to the greater San
Francisco Bay area.
The properties were
renovated in 2013/2104 and are fully leased to two tenants: Hewlett-Packard and
Gatan, a subsidiary of Roper Industries.
 |
| John Simerlein |
The
HFF investment sales team representing the seller was led by managing director Steven
Golubchik and director John Simerlein.
Westport Capital Partners LLC is a real estate investment
firm specializing in the opportunistic real estate arena. Westport provides
domestic and international investment opportunities to institutional and
private clients.
Through its various funds, the firm invests in a wide
variety of distressed and opportunistic real estate assets. The firm has
offices in Los Angeles, CA, Wilton, CT and London, England. For more
information regarding Westport Capital Partners LLC, please visit
http://www.westportcp.com/.
Embarcadero Capital Partners is a real estate investment and
management firm based on the San Francisco peninsula. The firm invests in
dynamic, development-constrained U.S. markets that are known for intellectual
capital and a creative business culture.
For a complete copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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