October 19, 2016
San Francisco-based Ridge Capital Investors, LLC and equity partner Greenwich, CT-based Contrarian Capital Management LLC, divested Diablo Technology Center to an undisclosed buyer for reportedly more than $47 million. The 191,009-square-foot Class A office/R&D portfolio is located in Pleasanton, CA.
The three-building Tri Valley campus is within the Hacienda Business Park, and fully leased to 11 different tenants. The asset was acquired last May by Ridge Capital and Contrarian Capital for $35.1 million, and subsequently underwent $3 million in capital improvements that were completed earlier this year.
Diablo Technology Center includes 5735 West Las Positas Blvd., a 76,894-square-foot building; 4511 Willow Rd., a 65,725-square-foot building; and 5870 Stoneridge Dr., a 48,390-square-foot building.
NGKF Capital Markets’ Steve Golubchik, Mike Zylstra, Grant Lammersen, Forrest Gherlone, and Tim Walling handled the sale.
For comments, questions or concerns, please contact Dennis Kaiser