North Bay’s Woodside Office Center Sells to Dunhill Partners

Cushman & Wakefield Co-Reps Seller in Transaction, Retained by Buyer for Leasing and Property Management NOVATO, Calif., October 31, 2018 – Cushman & Wakefield announced the sale of Woodside Office Center, a premier, 89,457-square-foot (sf) three-story Class A suburban office property in the affluent Marin enclave of Novato. The seller was a joint venture between Artemis Real Estate Partners and Ellis Partners. The buying group was led by Mark Hutchinson and Doug Twillman of San Francisco-based Dunhill Partners West. Whitney Strotz and Steven Leonard of Cushman & Wakefield in collaboration with Michel Seifer, Rob Hielscher, Kristina Wollan and Erik Hanson of JLL represented the seller in the transaction. Cushman & Wakefield, which previously served as the leasing broker for the project, has also been retained by Dunhill to continue providing leasing services. Strotz and Leonard will continue serving in that role and Cushman and Wakefield will also continue to provide [...]

Southern Marin Real Estate: Office Rents Rise Fast as Space Availability Falls

by Whitney Strotz If it is great, businesses want it. At least that is true for quality office space in southern and central Marin. Throughout the area, quality office space continues to be in high demand. Three different office suites in Marin County experienced bidding wars — competitive offers for the same space — this past quarter. It has been important for companies to have advisers who understand this dynamic market to provide the information and support needed to react in this marketplace. Rental rates continue to be at the higher end of historical North Bay averages but are below the average rates in San Francisco and well below the highest Peninsula levels. Rates in premium south-central Marin office projects are about $4.50–low $6 a square foot per month on a full-service basis, compared with the low $6 San Francisco average. The local market has experienced several years of [...]