Jeffrey Mezger Of KB Home Purchases Office Building In San Ramon For $57.8 Million

The property involved in this transaction is an office asset located at 2527 Camino Ramon in the San Ramon market. The building encompasses a total square footage of 276,000 and was sold for a price of $57,800,000, translating to a price per square foot of $209.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $57,800,000
• Square Footage: 276,000
• Address: 2527 Camino Ramon
• Market: San Ramon
• Buyer: Jeffrey Mezger
• Buyer's Company: KB Home

Jeffrey Mezger, representing KB Home, acquired the Bishop Ranch 7 office building in an all-cash deal. The company plans to replace the building with 190 homes as part of a strategy to transform the area into a mixed-use district that will include residential units, office spaces, retail, and entertainment options.