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Nome Capital Partners Purchases Pleasanton Corporate Commons For $151.8M

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SOLD
$151,800,000
Scott J. Prosser

California

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Office2,382,400 SF
Sold 05/15/2024
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Property Image
SOLD

Nome Capital Partners Purchases Pleasanton Corporate Commons For $151.8M

6230 Stoneridge Mall Road, 6210 Stoneridge Mall Road, 6220 & 6230 Stoneridge Mall Road

See Similar Deals
Office2,382,400 SF
Sold 05/15/2024
Scott J. Prosser
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$63
Total Square Footage:2,382,400 SF
Transaction Type:Sale

The Pleasanton Corporate Commons, a 595,600-square-foot Class A office complex located at 6200, 6210, 6220 & 6230 Stoneridge Mall Road in Pleasanton, was sold for $151,800,000. The property was purchased by Jameel Nabulsi & Rohit Kumar of Nome Capital Partners from UBS Realty Investors for $255 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $151,800,000
  • Buyer: Jameel Nabulsi & Rohit Kumar - Nome Capital Partners
  • Seller: UBS Realty Investors
  • Brokers: Ryan Venezia, Scott J. Prosser & Seth Siegel - Cushman & Wakefield

The transaction involved Nome Capital Partners leading an investor group to acquire the Pleasanton Corporate Commons at a price of $151.8 million. The sellers, UBS Realty Investors, facilitated the sale of the 1.2-acre office property. Brokers from Cushman & Wakefield, including Ryan Venezia, Scott J. Prosser, and Seth Siegel, played pivotal roles in the transaction.

Players

RV
8 deals$608.4M volume(415) 658-3602
BROKER


Seth Siegel
Cushman & Wakefield
8 deals$588.9M volume
BROKER

Bank of America
LENDER

Details

SOLD
IMAGE: Seth Siegel, Jameel Nabulsi & Scott J. Prosser DATE: 05/15/2024 ADDRESS: 6200, 6210, 6220 & 6230 Stoneridge Mall Road MARKET: Pleasanton ASSET TYPE: Office ~ ACRES: 1.2 BUYER: Jameel Nabulsi & Rohit Kumar - Nome Capital Partners SELLER: UBS Realty Investors BROKERS: Ryan Venezia, Scott J. Prosser & Seth Siegel - Cushman & Wakefield (@CushWake) LENDER: Citi Real Estate Funding (@CitiBank) & Bank of America (@BankofAmerica) SALE PRICE: $151,800,000 SF: 595,600 ~ PPSF: $255 NOTE: Nome Capital Partners, leading an investor group, purchased the four-building Pleasanton Corporate Commons for $151.8 million. The 595,600-square-foot Class A office complex, built in 2001 and sold by TPF Equity REIT, an affiliate of Connecticut-based UBS Realty Investors was acquired for $255 per square foot, 33.7% below its assessed value last year.

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