Thursday, May 28, 2015

HFF closes sale of Bay Area’s Orinda Theatre Square

Orinda Theatre Square, 1 Theatre Square, Orinda, CA

SAN FRANCISCO, CA, May 28, 2015 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Orinda Theatre Square, a 90,537-square-foot, mixed-use office and retail property in the San Francisco Bay Area community of Orinda. 

Steven Golubchik
HFF marketed the asset on behalf of the seller, GLL Real Estate Partners GmbH.

Originally built in 1941, Orinda Theatre Square was expanded in 1986 to its current eight-building configuration with a 324-space underground parking garage.  

Anchored by the art deco-style, three-screen Orinda Theatre, the two-level property has 47,610 square feet of office space and 42,927 square feet of retail space that is currently 98 percent leased to 34 tenants, including Starbucks, Serika Japanese Restaurant, Sweet Dreams Toy Store, Entourage Spa & Salon, Morgan Stanley Smith Barney, Wells Fargo Advisors and Chicago Title. 

Situated on 1.92 acres at 1 Theatre Square, the property is adjacent to the Orinda BART station.  The historic Orinda Theatre’s distinctive marque is visible from Highway 24, which is travelled by approximately 78.6 million people annually and is immediately accessible from the property.

Nicholas Bicardo
  Located less than 18 miles east of San Francisco, Orinda is an affluent Bay Area community with average annual incomes of $201,124 and median housing values of more than $1 million.

The HFF investment sales team representing the seller included senior managing director and co-head of HFF’s San Francisco’s office Steven Golubchik, managing director Nicholas Bicardo and senior real estate analyst Brandon Rogoff.

“The Orinda Theatre is the crown jewel of the city and an iconic and cultural centerpiece,” Golubchik said.  “Its neon marquee signage not only makes it one of the most recognizable properties in the Bay Area, but the property’s proximity to Highway 24 makes Orinda Theatre Square one of the most accessible assets in the region.”

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 |

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