DivcoWest Acquires Mixed-Use Property In South San Francisco For $164.5M

The mixed-use property located at 5000 Shoreline Court in South San Francisco has been sold for a total price of $164,500,000. The property spans approximately 143,000 square feet, resulting in a price per square foot of $1,150. The transaction took place on January 13, 2022, and the seller was Johnson & Johnson.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $164,500,000
• Address: 5000 Shoreline Court, South San Francisco
• Market: South San Francisco

The buyer in this transaction was DivcoWest, represented by Stuart Shiff. DivcoWest is a real estate investment firm specializing in commercial properties. Stuart Shiff serves as the company's representative in this deal. The sale of this mixed-use property marks an important transaction in the South San Francisco market, showcasing the thriving real estate activity in the area.