Real Estate Equity Acquisition

The Harbors
Sausalito, California

“This is a great institutional-quality office asset in the Southern Marin market and presents an opportunity to add further value enhancement beyond the recent Gensler-designed renovations to draw new tenants to its strong location just across the Golden Gate Bridge.”
—Ross Berry, Senior Director

  • Built in 1982, The Harbors consists of two, three-story buildings and a parking garage, which total approximately 114,000 square feet and were 81% leased at acquisition to a diverse group of tenants
  • The property was acquired on behalf of an institutional client via a joint venture relationship with Seagate Properties, which provides a comparatively low per square foot basis

Source: REI Real Estate Equity Investments, New York Transactions Group, July 2019.