Brandon Shorenstein Of Shorenstein Properties Acquires Mixed-Use Complex From Jamie Dimon For $175M

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.