March 29, 2017 Comments Off on Hines, Oaktree Acquire East Bay Asset Views: 247 Bay Area, California News

Hines, Oaktree Acquire East Bay Asset

Houston-based Hines and a fund managed by Los Angeles-based Oaktree Capital Management LP acquired Dublin Corporate Center, a three-building, 440,266-square-foot office campus in Dublin, CA. Financials on the deal were not disclosed.

The 18-acre East Bay asset was acquired from JPMorgan Chase & Co., which had acquired it in 2013 for $102.8 million.

Located in the Tri‐Valley submarket at 4120-4160 Dublin Blvd., Dublin Corporate Center was built in 2000‐2001. The campus is 83% leased to a tenant roster that includes Epicor Software, iTrade Networks and Callidus Cloud.

Hines plans to pursue strategic capital upgrades to the Class A office campus, including exterior improvements, common area upgrades and market-ready suites, in order to capture current market leasing momentum.

JLL arranged the sale, and CBRE is responsible for the property’s leasing.

Read more at Hines

Connect With Oaktree’s Ambrose Fisher

Connect With Hines’ George Clever

Subscribe to Connect Daily California

For comments, questions or concerns, please contact Dennis Kaiser

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: ,

Comments are closed.