NGKF Arranges $47M Sale of East Bay Office Complex
- Oct 19, 2016
by Evelina Croitoru
San Francisco—NGKF has announced the sale of Diablo Technology Center in Pleasanton, Calif. The 191,009-square-foot property was sold by Ridge Capital Investors LLC. As reported by San Francisco Business Times, the property traded for more than $47 million to a undisclosed buyer.
Located within the Hacienda Business Park, the Class A office property comprises three buildings: a 76,894-square-foot building situated at 5735 W. Las Positas Blvd., a 65,725-square-foot building at 4511 Willow Road and a 48,390-square-foot building at 5870 Stoneridge Drive. The property was fully leased at the time of the deal, with the tenant roster including Eaton, Schneider Electric and Sunbelt Controls, among others.
Ridge Capital acquired the property for $35 million and invested another $3 million at the site. The revamping included common-area, landscape, signage and tenant space improvements. Steve Golubchik, Mike Zylstra, Grant Lammersen, Forrest Gherlone and Tim Walling with NGKF Capital Markets handled the sale of the Diablo Technology Center.
Image Courtesy of Diablo Tech Center