Scott San Filippo Of Praelium Acquires Mixed-Use Properties In Goleta For $235M

This transaction involves a mixed-use asset located at multiple addresses: 120, 125 & 175 Cremona Dr - Tech Park @ Cremona, 110, 130 & 150 Castilian Dr - Tech Park @ Castilian, 315, 336 & 346 Bollay Dr, 320 & 340 Storke Rd - Tech Park @ Engage, 7414, 7416 & 7418 Hollister Ave - Tech Park @ Hollister & 893, 859-861 & 869-879 Ward Dr - Tech Park @ Ward. The total sale price for the properties is $235,000,000, encompassing a total square footage of 733,497 with a price per square foot of $320 in the Goleta, CA market.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $235,000,000
• Square Footage: 733,497
• Price per Square Foot: $320
• Buyer: Scott San Filippo - Praelium; Blackbird Investment Group & H.I.G. Capital
• Seller: David Fradin - Majestic Asset Management
• Brokers representing the buyer: Sean Fulp, Mark Schuessler, Michael Kendall, Gian Bruno, Kenny Patricia, Blake Hammerstein - Colliers
• Brokers representing the seller: Francois DeJohn, Brad Zampa & Michael Walker - CBRE

Key individuals in this transaction include Scott San Filippo representing Praelium along with partnership involvement from Blackbird Investment Group and H.I.G. Capital as the buyers. The seller of the properties, David Fradin, is associated with Majestic Asset Management. The transaction was brokered by teams from Colliers and CBRE, with multiple representatives contributing to the success of this sale.