February 1, 2016 Comments Off on Seagate Properties Acquires Prometheus HQ in San Mateo Views: 560 Bay Area, California News

Seagate Properties Acquires Prometheus HQ in San Mateo

Seagate Properties, Inc. has reportedly partnered with RGA Real Estate Investors, LLC. to acquire The Atrium in San Mateo for $61.6-million. The 90-percent occupied, 163,791-square-foot building is located at the intersection of Highway 101 and 92. Included in the purchase is a .9-acre development site.

Prometheus Real Estate Group, which originally developed the property in 1983, plans to remain a tenant at its HQ location. The three-story aluminum and glass-clad office building is designed around an open-air atrium. The recently-renovated space serves as a central gathering area for tenants, complete with wifi, new hardscape, and modern furniture.

Cushman & Wakefield’s Steve Hermann, Eric Fox and Bob Gilley represented the seller in the transaction. Seagate and RGA were self-represented.

Read More at The Registry SF

Connect With Cushman & Wakefield’s Hermann

Connect With Cushman & Wakefield’s Fox

Connect With Cushman & Wakefield’s Giley

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