Brandon Shorenstein Of Shorenstein Properties Acquires Mixed-Use Complex From Jamie Dimon For $175M
California
See Similar DealsBrandon Shorenstein Of Shorenstein Properties Acquires Mixed-Use Complex From Jamie Dimon For $175M
1100 Park Place, 1200 Park Place & 1010 Park Place
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The mixed-use property involved in this transaction consists of three buildings located at 1100 Park Place, 1200 Park Place, and 1010-1060 Park Place in the San Mateo market. The transaction was valued at $175,000,000 for a total of 258,000 square feet, resulting in a price per square foot of $678. The property is fully leased to notable tenants such as Zynga, Essex Property Trust, and Whole Foods, and includes two office buildings along with a grocery-anchored retail center.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $175,000,000
- Square Footage: 258,000
- Price per Square Foot: $678
- Buyer: Brandon Shorenstein - Shorenstein Properties
- Seller: Jamie Dimon - J.P. Morgan
Brandon Shorenstein represents Shorenstein Properties in this acquisition of the Park Place at Bay Meadows complex from J.P. Morgan, with Jamie Dimon acting as the seller in the transaction.
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