PLEASANTON, CA – August 24, 2022 – Embarcadero Capital Partners announced today that one of its affiliates has closed the sale of Arroyo Center to the Pleasanton Unified School District. Arroyo Center is a two building, ±114,000 SF, office/flex project located at 5758 & 5794 West Las Positas Boulevard in the Hacienda Business Park, a premier mixed-use development on the East Bay’s “I-680 Corridor” in Pleasanton, California. Mark Sweeney, an independent real estate broker, and Richard Hoyt, Managing Director at Newmark, represented the buyer in this transaction.

Constructed in 1984, Arroyo Center is part of the 875-acre Hacienda Business Park, a transit-oriented development with 11+ million SF of office, retail, and residential uses epitomizing the live-work-play lifestyle. Arroyo Center’s connected single-story and two-story office/R&D buildings offer large, efficient floor plates surrounded by mature landscaping. The project benefits from easy access to the abundant amenities of Hacienda Business Park, is located a short shuttle ride from the Dublin/Pleasanton BART station, and provides excellent regional highway access to Interstates 580 and 680.

At the time of sale, Arroyo Center was partially leased to Gatan Incorporated, a division of AMETEK focused on electron microscopy.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for innovation and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

By: George Avalos

A medical technology titan has signed a big lease that tops 200,000 square feet in a revamped tech park in a deal that shows Silicon Valley remains a hotbed for corporate office expansions.

Becton, Dickinson & Co., also known as BD, has leased 240,000 square feet in the Park Point campus, a Milpitas tech complex on North McCarthy Boulevard. The space will be occupied by Becton, Dickinson unit BD Biosciences.

The rental transaction shows that despite uncertainties over the precise nature and timing for a return to the office in the Bay Area, Silicon Valley remains a magnet for major tech players that seek elbow room in the region.

“Our new campus at Park Point positions BD for exciting growth and helps elevate our biosciences business,” said Puneet Sarin, worldwide president for BD Biosciences.

Brokers Jeff Arrillaga, Michael Saign and Shawn Kellenberger, executives with Newmark, a commercial real estate firm, represented the property owner, a joint venture of Embarcadero Capital Partners and PCCP, two veteran real estate investment firms.

Broker Jodie Matthews, Steve Clark, Grant Dettmer and Joe Long of JLL, a commercial real estate firm, represented the tenant in the deal.

“We are ecstatic that BD has selected Park Point for its new Silicon Valley campus,” said Saign, a vice chairman with Newmark.

The Park Point owners set out to revamp and reposition the three-building campus to heighten its profile and curb appeal, a gambit that has borne fruit in a big way.

“BD’s commitment to Park Point is testimony to the project’s large, efficient floor plates that are ideal for enabling innovation-based companies, a wide array of outdoor collaborative and amenity spaces, and convenient location,” said John Hamilton, a principal executive with Embarcadero Capital.

The Becton, Dickinson unit began to scout for space in the wake of the company’s sale of several big buildings in north San Jose near the corner of Qume Drive and Commerce Drive, which BD sold for $134 million in August 2021.

The Park Point complex in Milpitas, which totals 472,000 square feet, was reimagined as a modern campus to appeal to tech and life sciences companies. The office center has addresses of 115, 135 and 155 N. McCarthy Blvd.

The owners of Park Point employed HOK, a design and architectural firm, to craft a transformation of the business park.

“HOK designed the extraordinary re-invention of Park Point featuring both indoor and outdoor amenities,” said Carol Donnelly, director of leasing with Embarcadero Capital Partners.

The contemporary new design of the tech park includes revamped office and research spaces that are filled with natural light, amenities that have the look and feel of being in a backyard, multiple gathering areas for work collaboration and recreation, and a redwood grove with fire pit social terraces.

The amenities also include a fitness center, full-sized basketball courts, volleyball court, pickleball court, picnic areas, ping-pong tables, an outdoor kitchen and a barbecue section.

BD Biosciences will occupy all of the 155 North McCarthy building and nearly half of the 135 North McCarthy building.

In May 2021, Corsair leased 118,100 square feet at 115 N. McCarthy, the tech gaming company stated in a regulatory filing at that time.

With the BD Biosciences lease, just 107,000 square feet remain available in the tech campus.

“With the completion of our second major lease, it is rewarding to see Park Point’s value propositions further validated in the marketplace by another globally recognized corporation like BD,” said Melanie Gangel, a PCCP senior vice president.

The office complex also offers plenty of features that tech companies are seeking in the new realities of the coronavirus era.

“The state-of-the-art campus accommodates our innovation-driven needs for collaboration, lab space and a flexible working environment,” said Sarin, the BD Biosciences executive.

Source: The Mercury News – Business, Real Estate, News

By: Meghan Hall

Sunnyvale’s office and research and development market continues to attract investor interest as the market’s recovery continues. In a recent deal, Belmont, California-based Embarcadero Capital Partners sold 475 Oakmead Parkway for $28.8 million, or about $505 per square foot. The buyer was several entities affiliated with Kenneth Taggart, a private resident of Palo Alto.

JLL’s Will Connors, Daniel Renz, Michael Manas, Cheri Pierce and Andie Fezell marketed the property for sale on behalf of Embarcadero Capital Partners, and Goldman Sachs provided a $13.5 million loan to finance the acquisition.

Public records indicate that Embarcadero Capital Partners originally purchased the property in December of 2017 for $15.3 million, or about $268 per square foot. At the time, Embarcadero Capital Partners acquired the asset from TA Realty.

The property was constructed in 1980 and was subsequently renovated in 2008. The single-story building totals 57,000 square feet. Currently, the building serves as the United States headquarters for Alpha & Omega Semiconductor, a designer, developer and global supplier of power semiconductors.

According to an offering memorandum obtained by The Registry, AOS has been a tenant at the property since 2010 and recently renewed its lease for 10 years, providing the building’s new owners with long-term cash flow.

Since signing its lease, AOS has continued to grow. In 2016, the firm announced its 51 percent ownership in a joint venture with two strategic funds owned by the Municipality of Chongqing, China. The partnership’s goal was to diversify AOS’s offerings.

The property is located in a highly commercial zone where other companies such as Gener8, Dolby Laboratories, Alta Devices and others, are located. A shopping center anchored with a Walmart is nearby, as is Krispy Kreme, In-N-Out Burger and Panera Bread.

“Located in central Sunnyvale directly adjacent to the Lawrence Station Area Plan, the Property is well positioned within one of Silicon Valley’s most competitive and evolving submarkets,” the memorandum states. “…475 Oakmead’s location, just two minutes from US-101 and the Lawrence Expressway, provides tenants with excellent connectivity via these major thoroughfares to the rest of Silicon Valley and the greater Bay Area.”

The market is expected to grow, as development for up to 3,500 residential units, 104,000 square feet of retail and 6.3 acres of public open space are currently in the works, as well as public plazas and recreation facilities. Other nearby development projects include 1250 Lakeside, a mixed-use project with a 263-key hotel and 250 apartments, and Nuevo, Summerhill Homes’ mixed-use project that will feature 988 residences and 40,000 square feet of retail and restaurants.

The nearby R&D market is also rapidly evolving, with 9.6 million square feet of R&D space demolished or converted to campuses in recent years, including Jay Paul’s Moffett Place, which demolished 12 buildings totaling 473,200 square feet. Google leased the entire 1.9 million square foot campus. Over at Station on North First in San Jose, Boston Properties intends to demolish 195,000 square feet of R&D to build a 1.6 million square foot office campus, while in Santa Clara, Irvine Company is moving forward to replace 28 office and R&D buildings with a 1.7 million square foot campus called Santa Clara Square.

Source: The Registry – Commercial, Finance, Industry News

By: George Avalos

PLEASANTON — A big office complex in Pleasanton has been bought, in a sign that investor interest in choice commercial properties is booming in one of the East Bay’s tech hubs.

Two real estate firms from Silicon Valley have teamed up to buy the office complex, which consists of three buildings in Pleasanton’s Hacienda Business Park.

An alliance of Menlo Park-based Spieker Investments and Palo Alto-based Keech Properties bought the office center through an affiliate called Spieker Keech Hacienda, according to Alameda County public records filed on May 5.

The real estate venture paid $58 million for Hacienda Terrace, which has addresses of 4301, 4305, and 4309 Hacienda Drive in Pleasanton, the county documents show.

The seller was Embarcadero Capital, a veteran real estate firm that bought the three-building complex in 2011, the county property records show.

The purchase was arranged through Brian Lagomarsino, an executive vice president with Colliers, a commercial real estate firm; and Eastdil Secured, a real estate firm.

The three buildings together total about 303,200 square feet, according to a marketing brochure that Colliers circulated. Each building is five stories high.

“Hacienda Terrace is comprised of three Class A office buildings in the heart of Hacienda Business Park, the premier Pleasanton office location,” the marketing brochure stated.

The Spieker Keech Hacienda alliance also obtained at the time of the purchase a $36.5 million loan from CRED REIT Holdco, according to the county documents.

The CRED REIT lender is one of the subsidiaries of The Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, a New York City-based financial services behemoth.

Several large purchases of commercial properties have occurred in Pleasanton lately, with two deals occurring near Stoneridge Shopping Center and two in Hacienda Business Park, including the purchase of Hacienda Terrace.

Among the other large Pleasanton deals besides Hacienda Terrace:

• 10x Genomics paid $29.4 million for an aging shopping center at 1701 Springdale Ave. in February. The life sciences upstart wants to replace the retail site with a new campus for its fast-expanding operations.
• Workday paid $172.5 million for six office buildings on Stoneridge Mall Road, including the tech firm’s existing headquarters, in March. The deal solidifies Workday’s Pleasanton footprint.
• A Florida-based investor paid $97.3 million for a huge industrial and office complex on Hacienda Drive in April. The complex is suitable for large logistics operations.

The most recent large Pleasanton transaction, involving the Hacienda Terrace purchase, points to rising commercial property values for prime office buildings in Pleasanton.

At the time the Spieker and Keech alliance bought Hacienda Terrace, the assessed value of the office complex was $43.3 million, the county documents show.

ServiceNow, a tech firm; a Morgan Stanley financial services office; and Sorenson Media, a publisher, are among the tenants in Hacienda Terrace.

During its years of ownership, Embarcadero Capital instituted upgrades to the complex.

“Fully renovated common areas” and “improvements to building entries, main lobbies, and elevators” were among the revamps that Embarcadero Capital undertook, according to the Colliers brochure.

Source: The Mercury News – Business, Real Estate, News

By: Matthew Niksa

Corsair Gaming Inc. is moving its headquarters to Milpitas from Fremont.

The manufacturer of PC peripherals for video game enthusiasts has leased a 118,127-square-foot building on North McCarthy Boulevard, the company said in a Securities and Exchange Commission filing Monday. It signed a 10-1/2-year lease April 27 that will start on March 1, according to the filing.

Corsair, which makes headsets, keyboards, mice, live-streaming equipment and PC gaming systems, referred to the Milpitas building as its new headquarters in the SEC document, indicating it won't renew its lease at its current base in Fremont. The company currently occupies about 96,000 square feet of space in the East Bay city; its lease on that space expires in March, according to its latest annual report. Corsair employed 2,411 people as of Dec. 31, according to that report, although it did not say how many are based in Fremont.

It's unclear why Corsair chose the Milpitas building for its new headquarters. A company representative did not immediately respond to requests for comment.

Corsair is the first company to sign onto Park Point since a joint venture of PCCP LLC and Embarcadero Capital Partners bought the 30-acre site for about $70 million in 2019. The latter company worked with design firm HOK to modernize its three buildings and create a backyard area with a volleyball court, a basketball court and fire pits, among other features. The complex's outdoor environment presents a change of scenery for Corsair, whose Fremont base sits within a cluster of research-and-development buildings and is not close to outdoor amenities.

The construction of Park Point's backyard area will wrap up this summer, said Carol Donnelly, director of leasing at Embarcadero Capital Partners. John Hamilton, the company's principal, said Corsair's long-term lease on one of the project's buildings reflects the campus's convenient location near the intersection of Highway 237 and Interstate 880, collection of outdoor spaces and efficient amount of space per building floor.

The company's base rent for its first year is $2.64 a square foot a month, excluding utilities, property expenses and building services, according to its Monday SEC filing. That amount will rise incrementally over the course of its lease term, according to that filing.

Corsair will pay $2.98 a square foot a month during the fifth year of its lease, $3.45 per foot per month during its tenth year, and $3.56 a foot during the last six months of its term. As part of its agreement with Embarcadero Capital Partners and PCCP, its rent will be reduced by about $313,000 a month during the first six months of its lease and by $156,518 a month over the next six months.

On Tuesday, the company reported first-quarter earnings of $46.7 million, or 47 cents a share, on sales of $529.4 million. Those results were up from the year-prior period, when it earned just $1.2 million, or 1 cent a share, on $308.5 million in sales.

The company expects to post a profit — excluding certain expenses — of $245 million to $265 million for the full year on sales of $1.9 billion to $2.1 billion.

Investors sold off its shares on the news. Its stock closed off 85 cents a share, or 2.5%, to $32.59.

Joe Kelly, an executive managing director at Newmark, and Bob Ferraro, a senior vice president at CBRE, represented Corsair in its headquarters lease. Brokers Mike Saign, Jeff Arrillaga and Shawn Kellenberger of Newmark represented Embarcadero and PCCP during lease negotiations.

"We are ecstatic that Corsair Gaming has selected Park Point for their new global headquarters," Saign said in an email. "Interest in the project is at an all-time high as Embarcadero Capital and PCCP’s comprehensive campus modernization is nearing completion."

Source: Silicon Valley Business Journal – Commercial Real Estate

SUNNYVALE, CA – February 23, 2021 – Embarcadero Capital Partners (“ECP”), a full-service commercial real estate investment, development and management firm announced today that it has completed the stunning transformation of 1230–1290 Oakmead Parkway in Sunnyvale into a premier creative office destination called, “Horizon.” The redeveloped Silicon Valley creative office campus benefits from inspiring contemporary design, highly flexible floor plates, tenant signage opportunities, inviting outdoor collaboration areas and proximity to a variety of amenities and an extensive transportation network.

Strategically located near Lawrence Expressway and U.S. 101, Horizon comprises four interconnected three-story buildings totaling 181,210 square feet. ECP acquired the property with ambitious plans to expand it by moving out the buildings’ ground-floor glass line and enclosing four breezeways that previously served as open-air lobbies. The makeover also involved extensive building upgrades and exterior improvements. The renovated project features dramatic, copper-colored fin walls that punctuate Horizon’s new glass-enclosed lobbies and support wayfinding; mature palm trees and whimsical sculptures at the lobby entrances; expansive window lines; and thoughtfully appointed and landscaped outdoor plazas for dining and gathering. ECP also added a sculpture garden at the entryway to the project showcasing three colorful free-standing works by celebrated Bay Area sculptor Linda Fleming. These intricate latticework forms, collectively titled, Sunspots (First Light, Dusk, Apogee), create a compelling visual experience.

To help realize its vision for enduring architectural design, ECP engaged San Francisco-based Studio TMT for base building architecture and San Jose-based ARC TEC to handle interiors. ECP awarded the construction contract for Horizon’s redevelopment to San Francisco-based general contractor Build Group. ECP provides Horizon tenants in-house property management services through its affiliate Embarcadero Realty Services.

“Our team did an extraordinary job collaborating on the transformation of this project,” said John Hamilton, Principal and Co-Founder of ECP. “We are excited to introduce Horizon to the market and provide companies with an elegant solution to today’s creative workplace needs.”

In addition to its light-filled office spaces and flexible floorplans, Horizon offers plentiful onsite parking including nine dual-head EV charging stations, a bike spa, and fiber/cable services, as well as a wide range of retail, restaurant, hotel and personal services options within walking distance. Horizon is located two blocks from U.S. 101 directly east of Lawrence Expressway, close to the Central Expressway and State Route 237. The project also benefits from a dense public transit network including bus, train, and shuttle services offered through VTA, Caltrain, Altamont Corridor Express (ACE), ACE Gray Shuttle Bus, and Capitol Corridor.

Carol Donnelly, Director of Leasing at ECP, oversees leasing at Horizon. She can be reached at cdonnelly@ecp-llc.com or (650) 868-8246. For additional information, please visit: http://horizonsv.com/. A top tier team at Newmark serves as listing broker for Horizon, including Jeff Arrillaga, Vice Chairman, jarrillaga@ngkf.com; Shawn Kellenberger, Executive Managing Director, skellenberger@ngkf.com; Michael Saign, Vice Chairman, msaign@ngkf.com; and Patty McGuigan, Senior Managing Director, pmcguigan@ngkf.com.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for innovation and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

SAN FRANCISCO, CA – September 9, 2020 – Embarcadero Capital Partners announced today that one of its affiliates has closed the sale of 1098 Harrison Street, a ±45,000 SF, two-story creative office building located in the heart of San Francisco’s tech-driven SOMA District.

Originally built in 1924, 1098 Harrison Street is a classic industrial-to-office conversion with soaring interior volumes, clerestory windows, and an all-hands stadium seating area that serves as both auditorium and alternative workspace. Onsite amenities include a roof deck with city views, full kitchen, cafeteria, bike spa, showers, and significantly enhanced power capacity and HVAC infrastructure. The property’s central location in Downtown San Francisco offers easy access to BART, Caltrain, Interstate 80, and U.S. Highway 101 and proximity to an abundance of retail, entertainment, dining, and cultural amenities located in San Francisco’s Union Square, Mid-Market, and South/North Financial District neighborhoods.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for their supply of intellectual and venture capital and creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

MILPITAS, CA – August 12, 2019 – On July 24, 2019 a 50/50 joint venture of Embarcadero Capital Partners (through ECI-V) and PCCP purchased Park Point, a three-building, 472,000 square foot office/R&D campus located at 115, 135 and 155 N. McCarthy Boulevard in Milpitas, CA. Built in 2001, the project consists of one two-story and two three-story Class A buildings on a 30.5 acre site, and is one of the few remaining high-quality headquarters facilities available in the Silicon Valley.

ECP’s vision is to further enhance and revitalize the office park to create a modern complex with superb indoor and outdoor amenities in high demand by tech tenants seeking to attract and retain employees. ECP has engaged the original project architect, HOK, to explore improvements such as expanded and updated landscaping, new building entrance facades and lobbies, a new signage program (including a new 70-foot tall project sign visible from Route 237), a tenant amenity center, expansion of outdoor collaborative spaces, and a workout facility.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for their supply of intellectual and venture capital and creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

About PCCP, LLC

PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $9.0 billion in assets under management on behalf of institutional investors. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 21-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has successfully committed $19 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

EL SEGUNDO, CA – June 20, 2019 – Joint venture partners Embarcadero Capital Partners and Westbrook Partners announced today that they have completed the sale of 777 South Aviation Boulevard in El Segundo to an affiliate of Ocean West Capital Partners and Lionstone Investments.

Originally designed by famed Los Angeles modernist Craig Ellwood and built in 1968, 777 Aviation is an iconic 3-story Class A steel and glass structure comprising 318,182 square feet of premier creative office space. Embarcadero Capital Partners and Westbrook Partners acquired the property in 2015 and engaged renowned architects Skidmore, Owings & Merrill LLP (SOM) to help transform the building and expansive grounds into a stunning, amenity-rich environment designed to meet the needs of dynamic tech and creative firms.

The team’s innovative repositioning celebrates Ellwood’s distinctive design aesthetic and capitalizes on the building’s efficient 109,000 square foot floor plates, maximizing the opportunity to offer tenants the largest, most open, contiguous and flexible workspaces in the market. Blurring the boundaries between indoors and outdoors, the design incorporates a soaring new atrium with circular skylights that flood the interior with daylight and illuminate the surrounding office space. The atrium also features a new 40-foot wide stadium seating element suitable for small and large group assemblies. Six unique indoor/outdoor conference rooms have been added to tenant spaces on the upper levels of the building, along with other high-quality building amenities including an onsite café, an indoor/outdoor fitness facility with locker rooms and showers, Wi-Fi enabled common areas, a dramatic new front entrance, upgraded glazing and all new building systems infrastructure.

The joint venture’s guiding vision was to activate the entire site by transforming the grounds into a vibrant hub of work and recreation spaces. Embarcadero Capital Partners and Westbrook Partners brought in LRM Landscape Architecture to energize the campus with outdoor lounge areas complete with fire pits, a dog park, bike sharing facilities and food truck stations. Announcing the building’s main entry are four historically significant sculptures entitled, “Yellow to White to Blue to Black” by George Sugarman.

Embarcadero Capital Partners and Westbrook are pleased to have completed the transformation, substantial lease-up and sale of this unique property. The partners would like to thank the professionals at SOM, LRM, and Swinerton Builders as well as to recognize the extraordinary professionalism of Bob Safai, Founder of Madison Partners, who spearheaded all of the capital and leasing transactions for the property.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

About Westbrook Partners

Founded in April 1994, Westbrook Partners, is a privately-owned, fully integrated global real estate investment management company with offices in New York, Boston, Washington DC, Palm Beach, San Francisco, Los Angeles, London, Munich, Paris and Tokyo. Westbrook’s professionals are responsible for acquisitions, value enhancement, financial accounting, and risk management. Their experience includes office, multi-family, residential, hotel, retail, industrial and single-family residential development properties, and have been among the world’s most active and successful investors, having raised and invested more than $14 billion of equity in over $50 billion of real estate transactions in major markets throughout the world. Westbrook Partners is currently investing Westbrook Real Estate Fund X, which has $2.85 billion of capital commitments. www.westbrookpartners.com

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

By: Brock Keeling

Cliff May-designed office space now features a mural by Berkeley-based artist Nigel Sussman

Silicon Valley tech companies can’t resist the ego-driven urge to outdo each other with bigger and bolder office structures. Facebook’s Frank Gehry campus in Menlo Park begat Apple’s neofuturistic Norman Foster UFO in Cupertino. LinkedIn’s Darth Vader-esque stump in San Francisco gave rise to the Pelli Clarke Pelli-designed Salesforce Tower a few blocks away. And so on.

So it’s refreshing when a startup takes the posturing down a notch, like Robinhood did in Menlo Park, choosing the north-side expansion to the circa-1951 Cliff May office space as its new headquarters.

But this isn’t just any midcentury stunner: Sunset Magazine, the West Coast’s foremost lifestyle publication, tapped May, the originator of California ranch-style architecture, to build their new headquarters (with adjoining test garden by Thomas Church), which has become the poetic ideal of office space. The iconic publication was the perfect fit for an iconic house.

Shortly before Time Inc. sold the property and ousted the magazine in 2014, Sunset Magazine detailed its decades-long home, saying: “The story starts in 1951, when Sunset moved from its San Francisco headquarters out to the Bay Area suburbs. The architect was Cliff May, a Los Angeles resident who built the space (his first commercial one) to look like a classic ranch-style home on 7 acres of property. Thomas Church landscaped the gardens (each one representing the different climates of the West) and Charlotte Hinckley helped design the interior (an ode to the “craftsmanship of the early Spanish- Californians”). Even after it was up and running, Sunset staffers operated the office much like what they preached in their magazine: designing, organizing, planting, and cooking.”

(The publication relocated to Oakland’s Jack London Square in 2016. It later moved to an Oakland We Work in fall 2018.)

The property, also noted for its indoor-outdoor use of space, was sold to San Francisco real estate investment and management company Embarcadero Capital Partners, who leased it to Robinhood, a free stock exchange company, making the startup the only other tenant to date.

In lieu of demolishing the historic office—a concern for many design fans following the sale of the property—Embarcadero Capital Partners decided to preserve the May- designed structure.

“We are going to treat this project with tender and loving care,” John Hamilton, principal partner in Embarcadero Capital Partners, told Eichler Network.

Robinhood now occupies the expansion to the original property, which used to house the magazine’s books division.

New additions inside the newer area include 41 conference rooms and phone booths; a wellness and mother’s room; and recreational room with arcade games, a pool table, and a gym. There’s even a feline-themed mural by Berkeley-based artist Nigel Sussman.

Source: Curbed San Francisco

OAKLAND, CA – January 17, 2019 – Embarcadero Capital Partners (“ECP”), a leading commercial real estate investment, development, and management firm, announced today that the company has completed its transformation of 519 17th Street in downtown Oakland into a distinctive creative office destination, 519 Uptown. The Honorable Libby Schaaf, Mayor of Oakland and a strong supporter of the project, gave remarks and cut the ceremonial ribbon at a lunchtime event celebrating the building’s grand premiere yesterday, January 16, 2019.

The seven-story, 63,214 square foot building, with its iconic art deco façade and rich history, has played an important role in the Oakland community for decades. It was originally built in 1928 as the Dufwin Theatre by legendary Bay Area theatrical producer Henry Duffy and his wife Dale Winter, a celebrated actress. In 1930 it was reborn as the Roxie Theatre and served as a favorite Bay Area venue for glamorous movie premieres. In the 1980s the Roxie Theatre closed, was partially converted into a Class B office building, and became a forgotten treasure of Oakland’s past. The building eventually slipped into receivership before being acquired by ECP in late 2016.

To help realize its vision, ECP engaged Brereton Architects and general contractor Build Group. Together they set off on a collaborative effort to preserve and highlight many of the building’s unique characteristics including the historic art deco façade while enlivening the interior spaces. Design features include a soaring two-story lobby, new window openings, completely modernized building systems, and exterior roof decks with stunning views of downtown Oakland, the San Francisco Bay, and the University of California, Berkeley. ECP commissioned Oakland-based artist Mark Bulwinkle to forge an expansive threedimensional mixed-media art piece for the building’s lobby. The whimsical work in cut steel, entitled My Song of Oakland, invigorates the entry with a colorful collection of regional iconography – all painted and meticulously composed to create a dramatic visual experience. ECP also added attractive amenities to boost employee recruiting and retention including showers, a bike spa, common conference facilities, and Wi-Fienabled community areas.

“We saw the potential and seized the opportunity to acquire this extraordinary asset when the Oakland market was just about to heat up,” said Andrew Brown, Director of Leasing at ECP. “Our team did an amazing job executing on that vision and we are proud to introduce this exceptional product to the market.”

519 Uptown’s location in the heart of Oakland’s Uptown district takes full advantage of the city’s dynamic dining, entertainment, and retail scene. The property also provides excellent transit options with immediate access to the entire Bay Area on BART and AC Transit, as well as direct access to Interstates 80, 980, 880, 580, and Highway 24.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

LOS ANGELES, CA – September 25, 2018 – Embarcadero Capital Partners announced today that it has acquired 5600 & 5650 West Centinela Avenue, a ±44,000 SF project situated in Los Angeles’ Westside cluster of media, entertainment, and technology companies.

Constructed between 1956 and 1986, the 1.69-acre campus includes two brick-clad buildings comprising office along with high-ceiling flex space suitable for a range of media, studio, and creative office purposes. The property’s location offers easy access to major transportation routes including the 405 Freeway and La Cienega Boulevard and offers a multitude of nearby entertainment, food, and life-style amenities. A plan to redevelop the project into high-end creative office and flex space and lease the building to one or two users is already underway.

Embarcadero Capital Partners made the acquisition on behalf of its fifth value-add real estate investment fund.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for their supply of intellectual and venture capital and creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

SAN FRANCISCO, CA – September 14, 2018 – Embarcadero Capital Partners announced today that it has acquired 1035 Howard Street (also known as the “Eng-Skell Building”), a historic three-story Art Deco manufacturing and office building with an adjacent vacant lot located in the “SOMA West” submarket of downtown San Francisco, CA.

Designed by architect A.C. Griewank, 1035 Howard Street has the large floor plates, soaring ceilings, abundant natural light, and industrial look much desired by today’s tenants. Proximate to a growing selection of retail and restaurant amenities, the property also offers convenient access to BART, Caltrain, Interstate 80, and U.S. Highway 101. The building has been occupied since its construction in 1930 by the same family-owned company – ESCO Foods (formerly Eng-Skell Company), a San Francisco-based manufacturer founded in 1900 that develops and produces extracts, flavors, food coloring, and essential oils. A plan to fully renovate and expand the project is already underway – including the potential addition of 50,000 SF on the site.

Embarcadero Capital Partners made the acquisition on behalf of its fifth value-add real estate investment fund.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for their supply of intellectual and venture capital and creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

SAN JOSE, CA – July 19, 2018 – Embarcadero Capital Partners announced today that one of its affiliates has closed the sale of Gold Street Technology Center, located in the North San Jose submarket of Silicon Valley. Steven Golubchik, Grant Lammersen, and Edmund Najera of NKF Capital Markets represented the seller in this transaction. The buyer was a private party.

Gold Street Technology Center is a five-building, 303,000-square foot office/R&D campus encompassing 18 acres in the Route 237 Corridor of North San Jose. The two-story steel-frame buildings are adjacent to Route 237, providing tenants with excellent signage opportunities and freeway visibility. The buildings offer unusually high ceilings and interior volume, and the property features an array of amenities including outdoor collaboration areas, abundant surface parking, EV charging stations, bicycle parking, showers, volleyball and basketball courts, and an immediate connection to regional biking and running trails.

At the time of sale, the property was 88% leased through the brokerage efforts of Vincent Scott, Christian Marent, and Rob Shannon at CBRE, representing building ownership.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for their supply of intellectual and venture capital and creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

RENTON, WA – March 23, 2018 – Embarcadero Capital Partners announced today that a joint venture including one of its affiliates has closed the sale of Blackriver Corporate Park, located in Renton in the Southend submarket of Seattle, Washington. Stuart Williams and Lori Hill of JLL represented the seller in this transaction. The buyer was a private party.

Blackriver Corporate Park is a 16-building, 276,000-square foot office/R&D campus located on three parcels comprising 20 acres in Renton. The one- and two-story buildings are surrounded with mature, landscaped common areas and the park is adjacent to a protected, 100-acre riparian woodland area. The property has excellent access to I-405, I-5, and SR-167, with easy connections northwest to downtown Seattle, northeast to Bellevue and the Eastside, and south to the Kent Valley. SeaTac International Airport is ten minutes away and numerous restaurants, shopping, and entertainment options are nearby.

At the time of sale, the property was 96% leased through the brokerage efforts of Dan Foster and Matthew Hinrichs at Orion Commercial Partners, representing building ownership.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for their supply of intellectual and venture capital and creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

EL SEGUNDO, CA – February 16, 2018 – Joint venture partners Embarcadero Capital Partners and Westbrook Partners announced today that they have completed the much-anticipated transformation of 777 Aviation, located at 777 South Aviation Boulevard in El Segundo, into an amenity-rich, tech-oriented, 318,182 square foot multi-tenant workplace. The partnership also announced that they recently signed a long-term lease with Quest Nutrition for 43,728 square feet bringing the building’s occupancy rate to 62%.

The team’s thoughtful conversion celebrates Ellwood’s distinctive design aesthetic and capitalizes on the building’s efficient 109,000 square foot floor plates, maximizing the opportunity to offer tenants the largest, most open, contiguous and flexible workspaces in the market. Blurring the boundaries between indoors and outdoors, the design incorporates a soaring new atrium with circular skylights that flood the interior with daylight and illuminate the surrounding office space. The skylights disperse light across a new 40-foot wide stadium seating feature designed to accommodate small and large group assemblies. Four unique indoor/outdoor conference rooms have been added to tenant spaces on the upper levels of the building.

In repositioning the campus, Embarcadero Capital Partners and Westbrook Partners invested in high-quality building amenities and comprehensive core and shell improvements, including an on-site café, a fitness facility with locker room and showers, Wi-Fi enabled common areas, a dramatic new front entrance, upgraded glazing, and all new building infrastructure (elevators, restrooms, data/telecom service, and mechanical, electrical, plumbing, and HVAC systems).

Central to their vision was activating the entire site by transforming the grounds into a vibrant hub of work and recreation spaces. Embarcadero Capital Partners and Westbrook Partners brought in LRM Landscape Architecture to energize the campus with collaborative spaces, fire pits, a dog park, bike sharing facilities, and food truck stations. Integrated into the landscape design are four existing historically significant sculptures created by famed artist George Sugarman in 1969. Entitled “Yellow to White to Blue to Black,” the highly-regarded work exemplifies Sugarman’s pioneering use of shaped steel.

“We are beyond thrilled to complete the transformation of this amazing property to which so many talented people contributed,” said John Hamilton, Co-Founder and Principal of Embarcadero Capital Partners. “I am so proud of our team for their creativity and commitment to quality in delivering this exceptional office environment to the market, and we thank Bob Safai of Madison Partners for presenting this investment opportunity to us.”

Quest Nutrition is expected to move into their new headquarters at 777 Aviation in June 2018. The fast-growing company was founded with the goal of revolutionizing food, making healthy eating fun, and ultimately ending metabolic disease. 777 Aviation will enable Quest Nutrition to meet their growth goals and create a workspace aligned with their brand and mission.

777 Aviation offers tenants a strategic business address in the heart of El Segundo’s new creative office district located within walking distance of plentiful dining and retail amenities. The property offers unparalleled access to LAX as well as the 105 and 405 freeways, and is readily accessible from Manhattan Beach, Playa Vista, and other Westside communities.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

About Westbrook Partners

Founded in April 1994, Westbrook Partners, is a privately-owned, fully integrated global real estate investment management company with offices in New York, Boston, Washington DC, Palm Beach, San Francisco, Los Angeles, London, Munich, Paris and Tokyo. Westbrook’s professionals are responsible for acquisitions, value enhancement, financial accounting, and risk management. Their experience includes office, multi-family, residential, hotel, retail, industrial and single-family residential development properties, and have been among the world’s most active and successful investors, having raised and invested more than $14 billion of equity in over $50 billion of real estate transactions in major markets throughout the world. Westbrook Partners recently completed fund raising for Westbrook Real Estate Fund X, with $2.85 billion of capital commitments. www.westbrookpartners.com

Source: The Registry – News Releases

SUNNYVALE, CA – December 19, 2017 – Embarcadero Capital Partners announced today that it has acquired 475 Oakmead Parkway, a single-story office/R&D building located in Sunnyvale, a prime submarket in the heart of Silicon Valley.

Constructed in 1980 and fully renovated in 2008, 475 Oakmead features high-quality design and construction. The property is situated two minutes from US-101 and the Lawrence Expressway and is surrounded by a wide variety of restaurants and retail amenities. The entire building is leased to Alpha and Omega Semiconductor. A plan to renew the tenant or upgrade and re-tenant the project is already underway.

Embarcadero Capital Partners made the acquisition on behalf of its fifth value-add real estate investment fund.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

PLEASANTON, CA – October 27, 2017 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Three has closed the sale of Birch Lakes, located at 7031 & 7041 Koll Center Parkway in the Bernal Center submarket of Pleasanton, CA. The buyer was a private party.

Situated within the Bernal Business Park near the historic Main Street of downtown Pleasanton, Birch Lakes comprises two Class-A office buildings featuring remodeled lobbies with soaring ceilings and expansive window lines that showcase mature, landscaped common grounds. The project is across the street from a new grocery-anchored retail center and proximate to a host of amenities including a fitness center, conference room, and childcare facility. The buildings are adjacent to I-580 with direct access to that freeway, and a short drive from the key Interstate 580/680 interchange. The property, which was over 90% leased at the time of sale, yielded a successful investment return.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

MOUNTAIN VIEW, CA – September 28, 2017 – Embarcadero Capital Partners announced today that one of its affiliates has closed the sale of 1277 Terra Bella Avenue, located in the Shoreline Business Park submarket of Mountain View, California. The transaction was handled by Erik Doyle, Will Connors, and Nicole Zanghi of JLL’s Capital Markets Group. The buyer was a private party.

1277 Terra Bella Avenue is a 24,000-square foot creative office redevelopment project with excellent freeway and transit access. Originally constructed for industrial flex use, the property was converted in 2016 to high-end creative office space. The building’s exterior was transformed through the addition of an expansive perimeter glass line, a contemporary glass canopy at the main entrance, and glass rollup doors that connect the workplace interior with a new outdoor collaborative area. Other improvements include new signage and landscaping as well as upgrades to the building’s interior finishes.

The property was 100% leased at the time of sale thanks to the help of Steve Bouret and Randy Arrillaga of Cushman & Wakefield who represented building ownership in the leasing of the project.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

MILPITAS, CA – August 4, 2017 – Newmark Knight Frank represented the owner of Murphy Crossing, a 368,000 square foot, five-building Class A office/R&D project in the heart of Silicon Valley, as exclusive listing broker in connection with a 216,000 square foot lease transaction that brings the property to fully-leased status. Murphy Crossing was acquired in January 2017 by a joint venture between Northern California-based Embarcadero Capital Partners and New York-based True North Management Group. The lease agreement with Renesas Electronics America (which recently acquired Intersil Corporation), expands their existing premises by 90,000 square feet to include all of 915 Murphy Ranch Road, and extends the term of their existing lease on 126,000 square feet at 1001 McCarthy Boulevard and 933 Murphy Ranch Road. The Renesas transaction represents one of Silicon Valley’s largest leases of the year.

NKF Executive Managing Director Shawn Kellenberger, Executive Managing Director Jeff Arrillaga and Senior Managing Director Michael Saign represented building ownership. JLL represented the tenant.

Speaking for building ownership, Carol Donnelly, Embarcadero Capital Partners’ Director of Leasing, said, “We’re thrilled with Renesas’ decision to expand their footprint and extend their lease term at Murphy Crossing. Intersil has been an important tenant at the project for years and Renesas’ consolidation with Intersil at Murphy Crossing will create a vibrant campus environment for the combined companies.”

Built in 1994 by an owner/user (Octel), Murphy Crossing is situated on 20 acres and features high-quality design and construction, high ceilings, and large floorplates. The property is in the desirable Route 237 Corridor, offering easy access to Interstates 880 and 680, U.S. 101, and the VTA light rail system connecting to BART. Murphy Crossing features best-in-class onsite amenities, including a full-service cafeteria, outdoor collaborative areas, expansive lawns, and basketball and volleyball courts. Other tenants at the project include Aerohive Networks and SonicWALL.

“Our Newmark Knight Frank team is ecstatic with the successful execution of Embarcadero Capital Partners’ and True North’s strategic business plan for Murphy Crossing. We look forward to continuing our valued partnership with them in the future,” said Michael Saign. Shawn Kellenberger adds: “Embarcadero Capital Partners and True North have shown incredible vision in this submarket. They’ve matched that with their diligence and professionalism in deal making to repeat outcomes in a highly successful manner.”

Last summer, Kellenberger, Arrillaga and Saign represented another Embarcadero Capital Partners/True North joint venture on a full-building lease with FireEye at 601 McCarthy Boulevard, a 189,000 square foot headquarters building across the street from Murphy Crossing.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets driven by intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

About True North Management Group

True North is a private real estate investment management firm that focuses on capitalizing on opportunities in a cyclical and dynamic environment. The True North investment team seeks to use its extensive experience and wide-ranging knowledge base to generate both high quality risk-adjusted and absolute returns. For additional information, please visit www.tninvestors.com.

About Newmark Knight Frank

Newmark Knight Frank (NKF) is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NKF's 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.

With roots dating back to 1929, NKF's strong foundation makes it one of the most trusted names in commercial real estate. NKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www. bgcpartners.com.

Source: The Registry – News Releases

SAN FRANCISCO, CA – May 19, 2017 – Embarcadero Capital Partners announced today that it has acquired 1098 Harrison Street, a two-story creative office building located on a prominent street corner in the “SOMA West” submarket of downtown San Francisco, CA.

1098 Harrison Street is a classic industrial-to-office conversion with soaring interior volumes, clerestory windows, and a “stadium stairs” feature that serves as both auditorium and alternative work space. Onsite amenities include a full kitchen, cafeteria, bike spa, and showers. The property offers easy access to BART, Caltrain, Interstate 80, and U.S. Highway 101, and is proximate to a growing number of restaurants and retail amenities.

Embarcadero Capital Partners made the acquisition on behalf of its fifth value-add real estate investment fund. The terms of the purchase were not disclosed.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

PALO ALTO, CA – January 26, 2017 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Two LP has closed the sale of Embarcadero Corporate Center, located at 2479 E. Bayshore Road in Palo Alto, CA. The property was marketed for sale by Newmark Cornish & Carey. The buyer was a private party.

Embarcadero Corporate Center is a premier Class-A multi-tenant office building centrally located just east of U.S. 101 near the Embarcadero Road overpass. Just minutes from downtown Palo Alto and Stanford University, the property is close to high-end restaurants and other retail services. The five-acre property offers several onsite amenities including panoramic views of Palo Alto’s bayside wetlands, a beautifully landscaped courtyard with collaboration areas and food services, efficient floor plates, and Caltrain shuttle service to the downtown Palo Alto station. The property was 94% leased at the time of sale.

Embarcadero Realty Services will continue to provide property management and leasing services for Embarcadero Corporate Center.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

MILPITAS, CA – January 17, 2017 – Embarcadero Capital Partners announced today that it has acquired Murphy Crossing, a Class A office/R&D campus located at 1001 & 1033 McCarthy Boulevard and 915 , 933 & 1001 Murphy Ranch Road in Milpitas, CA. The acquisition is Embarcadero Capital Partners' second investment in Milpitas.

Situated along the Route 237 Corridor, the 20-acre project comprises five, two-story best-of-class steel-frame buildings with large, efficient floor plates and extensive window lines. The property is a short VTA connection to the Bay Area Rapid Transit system and centrally located with easy access to Interstates 880 and 680 and U.S. Highway 101. Onsite amenities include a full-service café, outdoor collaborative areas, expansive lawns, and basketball and volleyball courts.

The acquisition was completed by a joint venture between Embarcadero Capital Partners, on behalf of its fifth real estate investment fund, and True North Management Group. The terms of the purchase were not disclosed.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

LYNNWOOD, WA – December 15, 2016 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Three LP has closed the sale of Alderwood Business Center, located at 3400 & 3500 188^th Street SW in Lynnwood, WA. The property was marketed for sale by Jones Lang LaSalle. The buyer was a private party.

Alderwood Business Center is a 199,000 square foot, Class-A, two-building office project located in the Northend submarket of Seattle. Situated on nearly ten acres of tree-lined grounds, the project is the most recognizable and architecturally distinct office complex in the Northend. In addition to flexible floor plates that work well for every size of tenant, the buildings offer expansive mountain and territorial views from all sides. The project also offers direct access to downtown Seattle and downtown Bellevue via the I-5 and I-405 freeways and is adjacent to the Alderwood regional shopping center – a premier Puget Sound retail destination with more than 200 shops, restaurants, and entertainment options. The property was 92% leased at the time of sale.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

OAKLAND, CA – November 30, 2016 – Embarcadero Capital Partners announced today that it has acquired a boutique, seven-story historic office project located at 519 17^th Street in Oakland, CA.

Constructed in 1928 as a playhouse called the Dufwin Theater – later restyled as the Roxie movie house – the property was converted to office in the 1980s. The building features a classic Art Deco-style façade and skylit central atrium. Flexible floor plates accommodate layouts that work well for both large and small tenants. The project offers easy access to the Bay Area Rapid Transit system and numerous amenities in Oakland’s flourishing Uptown and City Center districts.

Plans to renovate the building lobby, restrooms, and common areas are already underway. Andrew Brown, director of leasing at Embarcadero Realty Services, will be responsible for the marketing and leasing of the property.

Embarcadero Capital Partners made the acquisition on behalf of its fifth value-add real estate investment fund. The terms of the purchase were not disclosed.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

BOTHELL, WA – November 18, 2016 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Two LP has closed the sale of Parkside Center, located at 18939 – 19021 120^th Avenue NE in Bothell, WA. The property was marketed for sale by Colliers International. The buyer was a private party.

Parkside Center is a 102,000 square foot, four-building office/flex campus. The project is located in the region’s technology corridor encompassing Bothell, Kirkland, Bellevue, and Redmond. It is a short drive from downtown Seattle and downtown Bellevue, with easy freeway access to I-405 and I-5. The campus offers tenants a park-like setting bordered by striking tree-lined boulevards, natural streams, recreational jogging trails, and athletic fields. Amenities include an onsite fitness center, with restaurants and cafes within walking distance.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

SUNNYVALE, CA – November 1, 2016 – Embarcadero Capital Partners announced today that it has acquired a multi-tenant office complex located at 1230 – 1290 Oakmead Parkway in Sunnyvale, CA.

Situated in the heart of Silicon Valley within two blocks of Highway 101 and the Lawrence Expressway, the four-building, three-story office project offers flexible space configuration options and proximity to a number of retail and food service amenities. Onsite features include a café, building conference facilities, and above-standard surface parking.

Plans to renovate the buildings’ lobbies, restrooms, and common areas are already underway.

Embarcadero Capital Partners made the acquisition on behalf of its fourth real estate investment fund. The terms of the purchase were not disclosed.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

PLEASANTON, CA – October 24, 2016 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Three LP has closed the sale of Las Positas Office Plaza (“LPOP”) located at 5976 & 5994 W. Las Positas Boulevard in the Hacienda Business Park submarket of Pleasanton. The property was sold to Black Mountain Properties, LLC.

LPOP is a high-quality, 106,000 square foot, two-building office project featuring efficient and flexible floor plates, extensive monument signage, a conference center, showers and lockers, and electric vehicle charging stations. The property is a short shuttle ride from the Pleasanton BART station and has excellent freeway access. The property was 91% leased at the time of sale.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

BELMONT, CA – October 6, 2016 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Two LP has closed the sale of 1301 Shoreway Road, located in the Belmont/Redwood Shores submarket of the San Francisco Peninsula. The property was marketed for sale by Eastdil Secured. The buyer was a private party.

1301 Shoreway Road is a 148,000 square foot office building that features a spacious, skylit central atrium and offers flexible floor plates that work well for both large and small tenants. Onsite amenities include a conference room, café, fitness center, basketball court, electric vehicle charging stations, and abundant parking. The property was 92% leased at the time of sale.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

MOUNTAIN VIEW, CA – June 8, 2016 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Two LP has closed the sale of 1300 Terra Bella Avenue, located in the Mountain View submarket of Silicon Valley. The transaction was handled by Will Connors, Erik Doyle, and Michel Seifer of JLL’s Capital Markets Group and the buyer was Kilroy Realty Corporation.

1300 Terra Bella is an 114,000 square foot, fully leased creative office/R&D building located within Shoreline Business Park in Mountain View. The property is adjacent to U.S. Highway 101 and has excellent access to Highways 85 and 237. The structure’s expansive window lines and skylights provide abundant natural light throughout the building. Onsite amenities include electric vehicle (EV) charging stations, outdoor collaboration spaces, and dedicated basketball and bocce ball courts.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

EL SEGUNDO, CA – May 10, 2016 – Joint venture partners Embarcadero Capital Partners, a full service commercial real estate investment, development and management firm, and Westbrook Partners, a global real estate investment management company, announced today that they have signed a lease with the U.S. General Services Administration on behalf of a sophisticated technology-oriented federal agency for 154,000 square feet, just under half of the building footprint at 777 South Aviation Blvd. in El Segundo. The partnership also announced that extensive renovations designed to convert the property into sought after creative office space will commence later this month. Terms of the deal are undisclosed.

Originally designed by celebrated Los Angeles modernist architect Craig Ellwood, 777 Aviation is a striking Class A office building built in 1968. The simple, elegant three-story, 309,088 square foot glass and steel structure typifies Ellwood’s iconic design aesthetic which fused the formalism of Mies van der Rohe with the informal style of California modernism. Embarcadero Capital Partners and Westbrook Partners acquired the property in 2015 with the vision of transforming the unique asset into an amenity-rich, multi-tenant campus which would appeal to modern tenants, particularly those in the tech sector, and would allow the partnership to capitalize on the momentum of the thriving West Los Angeles market.

“We are excited to begin construction on this extraordinary project,” said John Hamilton, Co-Founder and Principal of Embarcadero Capital Partners. “The product we are creating truly raises the bar on Class A office space in El Segundo.”

“This particular deal presents the perfect challenge for our team,” said Gary Palmer, Managing Principal of Westbrook Partners “It offers us the chance to add significant value to an exceptional asset in an established sub-market with excellent growth potential.”

To maximize the opportunity to deliver the most desirable product possible to the market, the partnership commissioned renowned architects Skidmore, Owings & Merrill LLP (SOM). They tasked the design team with blurring the boundaries between indoors and outdoors and with bringing daylight into building without losing leasable square footage. The partnership also charged the designers with taking full advantage of the building’s generous floor plates to offer opportunities for large, open and creative workspaces. The design incorporates a soaring new atrium with circular skylights that will illuminate the surrounding offices, which have expansive windows that look into the 96-foot long by 48-foot wide atrium space. The skylights will also disperse light across a new 40-foot wide stadium stair designed to accommodate small and large group assemblies.

The design also adds high-quality building amenities including an on-site café, a fitness facility with locker room and showers, and Wi-Fi enabled common areas. Other key core and shell renovations feature a welcoming new front entrance, upgraded glazing throughout the building and new restrooms. Additionally, new building systems will be installed including mechanical, electrical, plumbing, HVAC, elevators and data infrastructure. Core and shell construction is slated for completion in April 2017.

To reinvent the property into a campus-like atmosphere that activates the entire site, LRM Landscape Architecture was hired to transform the outdated grounds into new creative and collaborative areas. The new landscape design will incorporate an existing historically significant sculpture created by famed artist George Sugarman in 1969. The work, entitled “Yellow to White to Blue and Black,” is widely known and highly regarded among modern art aficionados as an example of Sugarman’s pioneering of fabricated steel, pedestal-free sculptures and his fresh experimental approach. Additionally, the grounds will feature several outdoor meeting spaces, fire pits, a dog park, bike sharing facilities and food truck stations.

777 Aviation offers tenants an excellent business address in the heart of El Segundo’s new creative office hub located within walking distance to significant dining and retail amenities. The property provides unparalleled access to LAX, the 105 and 405 freeways and the highly desirable neighboring communities of Santa Monica, Venice, Playa Vista and Manhattan Beach.

Beth Peterson, Director of Leasing at Embarcadero Capital Partners will oversee leasing on behalf of the partnership. She can be reached at bpeterson@ecp-llc.com or (562) 572-5070. For further information please visit www.777aviationblvd.com. Tony Ranger and Joe King of Madison Partners have also been retained by the partnership to assist with leasing. They can be reached at tranger@madisonpartners.net and jking@madisonpartners.net or (310) 820-5959.

About Embarcadero Capital Partners

Founded in 2002, Embarcadero Capital Partners (ECP) is a full service commercial real estate investment, development and management firm based in Belmont, California. ECP invests in dynamic, development-constrained West Coast markets that are known for innovation, intellectual capital and a creative business culture. ECP targets assets with strong leasing appeal due to location, quality, design and other factors. Founded by longtime industry professionals Eric Yopes and John Hamilton, ECP has raised over $800 million of equity capital in four closed-end funds. Investors include leading endowments, foundations, insurance companies, fund-of-fund investors, and family offices. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

About Westbrook Partners

Founded in April 1994, Westbrook Partners, is a privately-owned, fully integrated global real estate investment management company with offices in New York, Boston, Washington DC, Palm Beach, San Francisco, Los Angeles, London, Munich, Paris and Tokyo. Westbrook’s professionals are responsible for acquisitions, value enhancement, financial accounting, and risk management. Their experience includes office, multi-family, residential, hotel, retail, industrial and single-family residential development properties, and have been among the world’s most active and successful investors, having raised and invested more than $14 billion of equity in over $50 billion of real estate transactions in major markets throughout the world. Westbrook Partners recently completed fund raising for Westbrook Real Estate Fund X, with $2.85 billion of capital commitments. www.westbrookpartners.com

Source: The Registry – News Releases

BELMONT, CA – April 22, 2016 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Two LP has closed the sale of Creekside Oaks, located at 1740-1760 Creekside Oaks Drive in the South Natomas submarket of Sacramento. The property was sold to an affiliate of Ridge Capital, Inc.

“Embarcadero Capital Partners would like to thank Lisa Stanley and Ali Nadimi at CBRE for providing great marketing support over the years,” said Andrew Brown, director of leasing at Embarcadero Realty Services. “We’d also like to thank Grant Lammersen, George Eckard, Seth Siegel, and Adam Lasoff at Cushman & Wakefield for their assistance in the sale process.”

Creekside Oaks is a 179,000 square foot, three building office campus conveniently located near Interstates 5 and 80, and a five-minute drive from downtown Sacramento. The buildings feature large, flexible floor plates that can accommodate a variety of tenant space requirements. Onsite amenities include a deli, bicycle lockers, shower facilities, and abundant parking. A number of restaurants, hotels, banks, child care facilities, and other services are available nearby. The property was 93% leased at the time of sale.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets populated by abundant intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

PLEASANTON, CA – March 25, 2016 – Embarcadero Capital Partners announced today that its affiliate Embarcadero Capital Investors Three LP has closed the sale of Park Plaza, located at 4683 Chabot Drive in Pleasanton, California. The property was sold to Westmar I Park Plaza, LLC and Park Plaza Pleasanton, LP.

Park Plaza is a 52,000 square foot, fully leased first class office building located in the 875-acre mixed-use Hacienda Business Park. The building has excellent views and efficient, flexible floor plates that can be configured to meet a broad range of tenant space needs. The property benefits from abundant nearby amenities, and offers excellent access to Interstates 580 and 680 and the Dublin/Pleasanton BART station.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

SAN MATEO, CA – February 18, 2016 – On February 17^th, the San Francisco Bay Area Chapter of NAIOP Commercial Real Estate and Development Association, the nation’s leading trade association for developers, owners and investors in the office and commercial real estate industries, hosted its 4^th Annual Best of the Bay Commercial Real Estate Awards, honoring the best deals and deal-makers of 2015. Embarcadero Capital Partners and Deutche Asset Management were presented with the 2015 Best Peninsula Lease Transaction Award in connection with a camera technology company’s recent expansion at Clearview.

“We are delighted to be a recipient of NAIOP’s award for Best Peninsula Lease Transaction of 2015,” said Carol Donnelly, director of leasing at Embarcadero Capital Partners. “We couldn’t be happier about our tenant’s decision to expand their footprint at Clearview.”

Clearview, a joint venture between Embarcadero Capital Partners and Deutche Asset Management, is located on 22 dramatic acres in San Mateo at the top of the ridgeline of the San Francisco Peninsula. The project comprises five office buildings and a sixth building, known as 3025 Clearview Way, which is currently under construction with estimated delivery in Q3 2016. The new 110,876 sf building has been pre-leased to an existing tenant in connection with an extension of its lease term at the property. The tenant already occupies another 200,318 sf at the project.

The camera technology company’s expansion space, which is being constructed to LEED certification standards, will offer large open floor plates, high-end tenant build-outs, signage opportunities, and spectacular views from an expansive glass line. The exterior areas surrounding the new building will be developed into collaborative workspace and recreational amenities.

“The building is going to be stunning,” said Donnelly. “Everything is being constructed with the tenant in mind. We’re looking forward to watching their business continue to thrive at Clearview for years to come.”

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

SAN CARLOS, CA – February 10, 2016 – Embarcadero Capital Partners announced today that it has closed the sale of San Carlos Technology Park (“SCTP”) located at 1501-1581 Industrial Road in the Redwood City submarket of San Carlos.

SCTP is a 103,000 square foot, six building office/flex campus situated alongside U.S. Highway 101 midway between San Francisco Airport and San Jose Airport. The buildings are all single-story, tilt-up structures adapted for creative office, R&D, and life science uses. Amenities include ample parking, flexible size ranges, signage opportunities with freeway visibility, and close proximity to the retail and food service options in downtown Redwood City.

Embarcadero Capital Partners sold the asset to Peninsula Land & Capital for an undisclosed amount.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.

By: Kate Bradshaw

Interior renovations are planned for Sunset Publishing Corp.'s previous headquarters at 80 and 85 Willow Road in preparation to house new tenants of the office space.

According to Carol Donnelly, spokesperson for Embarcadero Capital Partners, the current owners of the property, applications for permits have been submitted to the city of Menlo Park and renovations are expected to be completed at 85 Willow Road in April and at 80 Willow Road sometime in May.

The property, which was acquired by Embarcadero Capital Partners in December 2014, now shares partial ownership interest with Deutsche Asset Management, a move announced Jan. 13.

Deutsche Asset Management and Embarcadero Capital Partners have partnered before as office space developers of the Clearview business park in San Mateo, where GoPro's offices are located.

The two former Sunset buildings, together called "Willow Park," contain 85,732 square feet of office space in a large park-like setting, according to Catherine Wooters, spokesperson for Deutsche Asset Management. The building at 80 Willow Road was designed by Cliff May, described as the "father of the California ranch-style home."

"We strongly believe that (Willow Park) will benefit from a cosmetic and mechanical upgrade focused on preserving the unique character and the amenities that make this property so attractive," said Todd Henderson, Deutsche Asset Management's real estate head.

Ms. Donnelly said the footprints of the buildings will not change, and that the renovations are intended to "marry some of the historic elements with modern." The gardens are still being maintained.

They're actively marketing the building to new tenants, she said.

Source: The Almanac – News

By: Mimi Zeiger

Much has been written about the changing nature of workplace. In the last decade, cubicles have been banished, warehouses converted, and foosball tables over-referenced. But what to do with the office buildings that once housed the man in the gray wool suit? A recent design by SOM’s Los Angeles office reinvents Craig Ellwood’s tailored office building at 777 Aviation Boulevard, converting the late 1960s steel and glass structure that once was Xerox’s headquarters (previously Scientific Data Systems) into a multi-tenant campus that appeals to El Segundo’s ever-expanding tech set. Suits out, bike racks in.

Clients Embarcadero Capital Partners and Westbrook Partners tasked the architects with bringing daylight into the three-story, 310,000-square-foot building without losing leasable square footage on each of the 103,000-square-foot floor plates. Carlos Madrid, the project designer at SOM, described the firm’s approach as a counterpoint to Ellwood’s buttoned up design. “It’s Mies van der Rohe and California Modernism together,” he explained, emphasizing the desire to blur the boundaries between indoors and outdoors.

To get light deep into the heart of the structure, the team’s proposal shows an enlarged atrium. Sawtooth skylights will pour light across a new 40-foot-wide stadium stair (for hanging out or assemblies) and into the surrounding offices, which have windows that look into the space. There are plans for new interior and exterior balconies on the second and third floors plus amenities that are now typical for creative offices: a cafe, a gym (with showers and lockers), and a bike rental program. Finishes will complement and contrast Ellwood’s bronzed steel.

Expected to be complete in 2017, perhaps the most striking update to Ellwood’s structure will happen outside the building itself with the development of a campus-like landscape. “This type of classic office building is quite passive—it just sits in its parking lot,” noted Madrid. “We are collaborating with the landscape architects to create a design that activates the whole site.” SOM is working with Culver City–based LRM Landscape Architecture on the design. George Sugarman’s brightly painted aluminum sculptures (created for Xerox in 1969) will remain, while additions include outdoor work spaces, fire pits, and even a dog park.

Source: The Architects Newspaper

By: Jon Peterson

New York City-based Deutsche Asset Management’s Alternatives and Real Assets (ARA) has acquired a 50 percent interest for roughly $1,000 per square foot to buy into the 85,732 square foot office building in Menlo Park located at 80 and 85 Willow Road, according to sources familiar with the transaction. At that valuation and equity, Deutsche’s investment would come to roughly $42.8 million.

Deutsche declined to comment when contacted for this story.

The operating partner on this property is an affiliate of Belmont-based Embarcadero Capital Partners. This real estate investment company had acquired the property for $78 million in December of 2014.

Deutsche’s interest in Silicon Valley is underscored by this partnership. “The demand fundamentals across Silicon Valley continue to remain very strong. Willow Park is a unique asset strategically located in the dynamic Menlo Park market. We strongly believe that Willow Park will benefit from a cosmetic and mechanical upgrade focusing on preserving the unique character and the amenities that make this property so attractive,” says Todd Henderson, head of real estate in the Americas for Deutsche ARA.

The property on Willow Road is a low-rise asset covering two buildings. This project is attractive to technology and other innovative firms through its open, park-like setting with creative space. The asset was constructed on 9.85 acres of land.

The project is located near public transportation through the Menlo Park and Palo Alto Caltrain stations. It is a five-minute drive from both of these stations. It is also close to Highway 101.

The leasing of space at the property is handled by Mark Bodie and Gregg Walker of JLL.

Source: The Registry – Commercial, Finance, Industry News

PLEASANTON, CA – September 30, 2015 – Embarcadero Capital Partners announced today that it has acquired Stoneridge Place, a five-story, 174,000 square foot, Class-A multi-tenant office building located at 7901 Stoneridge drive in Pleasanton, CA. The acquisition represents the sixth asset to join Embarcadero Capital Partners’ current portfolio of Pleasanton properties.

Stoneridge Place is located in the Stoneridge Mall submarket of Pleasanton, a prime location in the “580 Corridor” of San Francisco’s East Bay. Situated at the intersection of Stoneridge Drive and Foothill Road, the property has excellent access to Interstates 580 and 680, is a short walk from the West Dublin/Pleasanton BART station, and nearly adjacent to the Stoneridge Mall. Amenities include above-standard surface parking, electric vehicle (EV) charging stations, and onsite property management.

Plans to renovate the building lobby, remodel the property’s onsite café, and make several exterior landscaping improvements are already underway.

Embarcadero Capital Partners made the acquisition on behalf of its fourth real estate investment fund, formed in 2013 with more than $152 million in committed capital from the firm and its investors. The terms of the purchase were not disclosed.

About Embarcadero Capital Partners

Embarcadero Capital Partners is a private real estate investment, management, and development firm based on the San Francisco Peninsula. The firm invests in dynamic, development-constrained U.S. markets that are known for intellectual capital and a creative business culture. Additional information about Embarcadero Capital Partners is available at www.embarcaderocapitalpartners.com.

Press Contact

Please direct media inquiries to investments@ecp-llc.com.