 |
| 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 | www.hfflp.com
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