Hackman Capital Partners Expands Toe-Hold in East Bay with Purchase of 6th Building in Emeryville

(PRNewsfoto/Hackman Capital Partners, LLC) Sept. 10, ­­2018 -- Hackman Capital Partners, LLC, a Los-Angeles based real estate investment and operating company, announced today the purchase of 1300 64th Street in Emeryville, California. The property, which includes a 25,138-square-foot building and off-street parking lot, follows on the heels of the company's acquisition of a five-building portfolio, known as Emeryville Exchange, in June. Five of the now six buildings, including the recent purchase, are situated in Jelly Bean Square, which takes its name from the largest building's roots as the former Jelly Belly distribution center. The sixth building, called the Thoroughbred Building, is located approximately 10 blocks south of the square at 1250 53rd Street. "We're thrilled to be expanding our presence in this dynamic East Bay market," said Matt Landstrom, Vice President of Acquisitions for Hackman Capital. "With high demand and limited supply, Emeryville is quickly growing and evolving." According to Landstrom, the building at 1300 64th Street, [...]

Woodland Crossroads Sells for over $18 Million

WOODLAND, Calif. – August 29, 2018 – Woodland Crossroads, a grocery-anchored promotional shopping center in Woodland (Sacramento Valley), California, has sold to a private capital investment group in Southern California for $18.045 million. Originally developed in 1985 with K-Mart as its anchor, Woodland Crossroads was substantially redeveloped in 2016 as a Grocery Outlet-anchored and regionally-drawing mid-sized box promotional center. The seller was Woodland Crossroads TIC – Engstrom Properties, which was represented in the transaction by Cushman & Wakefield’s Dan Wald and Don LeBuhn (The Wald | LeBuhn Team), both Executive Managing Directors with the firm’s Retail Investment Advisors Group. The buyers, affiliates of El Tigre Holdings, were represented by the Yorba Linda office of Keller Williams. In addition to Grocery Outlet, Woodland Crossroads features key retailers Ross, Party City, Harbor Freight and Tractor Supply as well as a number of successful in-line tenants. According to Mr. Wald, “Woodland Crossroads was ideally tenanted [...]

Rare San Rafael Redevelopment Property Sold to Local Investor

SAN RAFAEL, Calif. – August 28, 2018 – Marin Square, a strategically located mixed-use retail/commercial property in San Rafael (Marin County), California, has sold to locally-based Chelsea Pacific Group. Marin Square was first developed in 1984 as a neighborhood shopping center and was later expanded to include an office and multi-tenant commercial component. The seller was Sutter Health. Cushman & Wakefield’s Dan Wald and Don LeBuhn (The Wald | LeBuhn Team), both Executive Managing Directors with the firm’s Retail Investment Advisors Group, in partnership with Trevor Buck, Director in the firm’s North Bay office, represented the seller in the disposition. The buyer, which is based in nearby Tiburon, represented itself. According to Mr. Wald, “Sutter Health significantly enhanced the property’s value prior to sale by allowing below-market leases to expire and limiting the term of the property’s few remaining tenants.  In this way, the property could be offered as a blank canvas [...]

Scotts Village Shopping Center Sells for $15.35 Million

SCOTTS VALLEY, Calif. – August 2, 2018 – Scotts Village, a prominent neighborhood shopping center in Scotts Valley (Santa Cruz County), California, has sold to a Northern California-based real estate firm for $15.35 million. Anchored by Safeway and CVS, the shopping center comprises 121,296 square feet (sf) of retail improvements including several high-profile pad buildings occupied by Chase Bank, McDonald’s, and Taco Bell. Scotts Village was developed in 1984 on a leasehold interest. Cushman & Wakefield’s Dan Wald and Don LeBuhn (The Wald | LeBuhn Team), both Executive Managing Directors with the firm’s Retail Investment Advisors Group, represented the seller, The Pratt Company.  The buyer, McNellis Partners, which is based in Palo Alto and Sacramento, represented itself. According to Mr. Wald, “Scotts Village enjoys great market share in Scotts Valley, which due to its proximity to both Silicon Valley and Santa Cruz, has become increasingly affluent.” He added, “The property offers the [...]

Cushman & Wakefield appointed to lease new development at prized corner location – 300 Grant Ave, Union Square, San Francisco

SAN FRANCISCO, Ca., May 10, 2018 – Cushman & Wakefield has been appointed by A-Z 300 Grant LLC as retail leasing brokerage for 300 Grant Ave, Union Square – approximately a 70,000 square feet development project that will begin construction this week with plans for delivery Fall 2019 with opening Spring 2020. Cushman & Wakefield’s Vice Chairman, Kazuko Morgan, Senior Managing Director, Pam Mendelsohn, and Managing Director, Rhonda Diaz, will be the Landlord’s Retail Leasing representatives. The new ground up development will consist of six floors, with retail on the first three floors and Class A creative office space on the upper levels and is located in the heart of the Union Square shopping district amidst luxury brands Harry Winston, Dior, Valentino, and Cartier all of whom occupy corner locations. The site is also across the street from Banana Republic’s global flagship store; also a corner location. Ms. Morgan said the [...]

2018-05-14T11:45:45+00:00 May 14th, 2018|Categories: In the News|0 Comments

Cybersecurity: A Major Capital Opportunity

SAN FRANCISCO, Ca., April 25, 2018 – A new report released by Cushman & Wakefield explores the rapid growth of cybercrime, the response of the cybersecurity industry and its impact on commercial real estate, especially in key technology and finance markets such as the San Francisco Bay Area, Washington, DC, New York and Austin, Texas. The number and presence of cybersecurity firms in the Americas continues to increase from year-to-year and San Francisco Bay Area leads the pack, according to the report Cybersecurity: A Major Capital Opportunity. The San Francisco Bay Area assumed no. 1 spot in the top 10 markets by new leases, including VC funding and job listings in 2017. In the Bay Area alone; 830, 469 commercial real estate square footage was leased, more than $1.65Bn in VC funding was administered and 13, 567 job openings were listed for this sector. The total national spend on cybersecurity [...]

2018-04-27T10:16:03+00:00 April 27th, 2018|Categories: In the News|0 Comments

Cushman & Wakefield Leads in the Workplace Evolution with an Oakland Office & Workforce Housing Development

OAKLAND, Ca., February 28, 2018 – Cushman & Wakefield has announced it was awarded the exclusive marketing agency to sell, lease or joint venture a large site in downtown Oakland. The property, currently a parking facility, has been owned since 1945 by the locally-based Borsuk/Siegel family. It is comprised of two parcels 1439-43 Alice Street and 1434 Harrison Street totaling approximately 24,000sf. Cushman & Wakefield’s Palo Alto-based Executive Managing Director, David Klein, Esq. SIOR LEED AP said, “We are proud to share the family’s vision in offering the first project in Oakland (perhaps anywhere) to combine office and workforce housing in a single vertical development.” Oakland’s current zoning permits approximately 145,000sf for office space, up to 164 residential units, a childcare facility and does not require on-site parking for redevelopment. Mr. Klein said, “The property’s development as an office/workforce housing atelier meets the ever-growing need for employees to have convenient public [...]

2018-02-28T16:14:34+00:00 February 28th, 2018|Categories: In the News|0 Comments

Cushman & Wakefield Sells Two Northern California Shopping Centers

SAN FRANCISCO, Ca., January 23, 2018 – Cushman & Wakefield announced today the sale of two significant multi-tenant retail investment properties. Completed in December 2017, by the San Francisco-based Retail Investment Advisors Team led by Executive Managing Directors, Dan Wald and Don LeBuhn, the sales represented a combined value of over $47 million in consideration. In the first transaction, Wald and LeBuhn represented SPI Holdings as its exclusive agent in the sale of the 49,990 square foot TJ Maxx-Staples center located on Cleveland Road in Santa Rosa, California, adjacent to the Coddington Mall. Though not a part of the offering, the center also featured Orchard Supply Hardware. The buyer was a private capital partnership in a 1031 exchange and utilized Terry Daly of Cushman & Wakefield Debt and Structured Finance Group to secure acquisition financing. In the second transaction, Wald and LeBuhn, were the exclusive agents for the local property [...]

2018-01-25T16:32:55+00:00 January 25th, 2018|Categories: In the News|0 Comments

Industrial Site 100% Leased Sells in Prized Bay Area Location

OAKLAND, Ca., December 22, 2017 – Cushman & Wakefield announced today the sale of a business complex located at 25858 Clawiter Road in Hayward - a 195,000 square foot industrial site on a parcel of 9.59 acres consisting of three buildings, one a manufacturing building and the other two equipment rental/distribution buildings. The site also includes a large secured yard. Cushman & Wakefield’s Managing Director, Kate Woodcox, represented the buyer, CenterPoint Properties, and Dan Bergen from Colliers International and Richard Sutherland from The Sutherland Company represented the seller, Thomas Kewell from Clawiter Associates LLC. Clawiter Associates LLC has owned the property for more than 50 years. The project is 100 percent leased, two prominent tenants include Goodyear Tires and The Companion Group, Inc., and the site is in a high value location – along Highway 92 at the base of the San Mateo Bridge approach with excellent freeway access, centrally [...]

2018-01-04T11:30:20+00:00 January 4th, 2018|Categories: In the News|0 Comments

Union Square, San Francisco, ranked no. 3 in Americas’ Most Expensive Retail Locations

San Francisco holds firm at no. 3 spot from last year – New York’s 5th Ave takes first place, LA’s Rodeo Drive no. 2 as highest retail rents in Americas SAN FRANCISCO, Calif. November 14, 2017 – Cushman & Wakefield has announced the 29th edition of its global flagship report, ‘Main Streets across the World’, and within the Americas – San Francisco’s Union Square is listed as the third most expensive location. The report tracks 451 of the top retail streets around the globe, ranking the most expensive in 68 countries by their prime rental value and enabling an analysis of trends in retail real estate performance. The top-five global city locations include: 1. New York’s 5th Avenue (49th – 60th Streets); 2. Hong Kong’s Causeway Bay; 3. London’s New Bond Street; 4. Milan’s Via Montenapoleone; and 5. Paris’ Avenue des Champs Elysees. In the Americas, the list’s top five [...]

2017-11-28T11:06:48+00:00 November 28th, 2017|Categories: In the News|0 Comments