SAN FRANCISCO, CA – The San Francisco office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Britannia Business Center II, (top left photo) a three-building office/R&D portfolio in Pleasanton, California.
The property was purchased for an undisclosed amount free and clear of debt.
Britannia Business Center II includes two single-story and one two-story building that total 276,210 square feet.
Major tenants include Robert Half International, Microchip Biotechnologies and Waters Technologies.
The properties are located at 4280 Hacienda Drive and 5700 and 5720 Stoneridge Drive within the Hacienda Business Park near the intersection of Interstates 580 and 680 in the Tri-Valley market.
The properties are located at 4280 Hacienda Drive and 5700 and 5720 Stoneridge Drive within the Hacienda Business Park near the intersection of Interstates 580 and 680 in the Tri-Valley market.
“Britannia Business Center II has earned a reputation in the market for high-quality, well-maintained product, with the ability to accommodate general office or R&D uses in a variety of sizes,” said Leggett.
“This type of high-quality flex space has historically out-performed Class A office space in rental rates and overall occupancy.”
“This type of high-quality flex space has historically out-performed Class A office space in rental rates and overall occupancy.”
Contacts:
Michael Leggett, CA Lic. (#01056334, HFF Senior Managing Director,
(415) 276-6300, mleggett@hfflp.com
Gerry Rohm, MRICS, HFF Senior Managing Director, CA Lic. (# 01367742), 415) 276-6300, grohm@hfflp.com
Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com
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