SAN FRANCISCO, CA – HFF announced today that it has closed the sale of Treat Towers (top left photo), twin Class A+ office buildings totaling 378,749 square feet in Walnut Creek, California.HFF marketed the properties on behalf of the seller, a joint venture between Equity Office Properties and Blackstone. A national life insurance company purchased the property for $118.5 million.
Completed in 1999, the LEED Gold certified office buildings are 10 stories tall and are attached to a six-level parking structure. The property is 85 percent leased to tenants such as Paradigm Management Services, HQ Global Workplaces, Environmental Resources Management and Littler Mendelson.
The buildings are located at 1255 and 1277 Treat Boulevard in the City of Walnut Creek, within one block of the Bay Area Rapid Transit (BART) rail system and with direct frontage along Interstate 680.
The HFF investment sales team representing the seller was led by executive managing director John Pelusi (lower right photo), senior managing directors Michael Leggett and Gerry Rohm, and managing director Steven Golubchik.
“Treat Towers is an irreplaceable asset of the highest quality in the East Bay, providing above standard construction and building amenities in one of the nation’s premier core office markets,” said Golubchik. "The property offers its tenants a landmark location, providing ease of accessibility to the entire San Francisco Bay Area.”
For a complete copy of the company’s news release, please contact:
KRISTEN MURPHY
HFF Associate Director, Marketing
(713) 852-3500
www.blackstone.com.
No comments:
Post a Comment