Ellis Partners, Transbay Holdings & DivcoWest Sell Jack London Square to CIM

Oakland, CA – Today, Ellis Partners, Transbay Holdings and DivcoWest announced that they have closed the sale of their ground leased interests and fee-owned development sites at Jack London Square to the CIM Group. The transaction covers 425,000 square feet of existing office and retail space in six buildings as well as two land sites that were recently entitled for up to 665 residential units.  Terms of the transaction were not announced. “We are very proud of our role in the renaissance of Jack London Square over the last fourteen years. Through good economic times and bad, the dedication of many …

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Ellis Partners Sells 3700 Douglas Boulevard in Roseville

Roseville, CA – A fast-growing Chico-based bank has purchased a 40,000-square-foot building on Douglas Boulevard for a regional headquarters. Tri Counties Bank, with $4.1 billion in assets, is the primary subsidiary of TriCo Bancshares (Nasdaq: TCBK). It has offices all over Northern California, including 11 in the Sacramento area. The regional headquarters “will give us an identity in Sacramento and Roseville,” said CEO Rick Smith. “It’s in the right part of Roseville where all of the banks and financial services are.” The bank has multiple offices in Roseville, where it had a Small Business Administration loan office, a separate commercial lending office and …

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Ellis Partners Acquires Woodside Office Center, Novato

Novato, CA – San Francisco-based Ellis Partners LLC announced that it has acquired Woodside Office Center in downtown Novato.  The price was not disclosed. Situated prominently at the intersection of Redwood Boulevard and De Long Avenue, just off Highway 101, the high-quality Woodside Office Center is an 87,000 square foot multi-tenant office building.  Built in 2003, it has attracted a diverse and high quality roster of tenants including Hennessy Advisors, a Novato-based publicly traded investment manager, the law firm of Grancell, Stander, Reubens, Thomas and Kinsey, APC, and Regus, the world’s largest supplier of flexible office spaces, set to open in …

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Sunset to Move Headquarters to Jack London Square in Oakland, California

New York, NY – This December, Sunset will move its brand headquarters to Jack London Square in the heart of Oakland, California, it was announced today by Evelyn Webster, Executive Vice President, Time Inc. (NYSE: TIME). Sunset will relocate to Oakland from the Menlo Park campus that it has occupied since 1951.The new headquarters will be located at 55 Harrison Street in the same building that will house the Water Street Market, an artisan food marketplace being developed by Carlin Company, the team behind San Francisco’s Ferry Building Marketplace and Napa’s Oxbow Public Market. Sunset will occupy approximately 20,000 square …

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The 5 Coolest Office Buildings Coming to Silicon Valley

The Silicon Valley economy shows no signs of slowing down, and developers have got some major projects in the pipeline to feed the demand. Here’s a look at five developments on the horizon that will knock your socks off.1. 101 TechDeveloper: Ellis PartnersSize: 961k SFThe big campus along Orchard Parkway in North San Jose currently has a newly renovated two-story 286k SF office/R&D building on two floors that’s fully vacant and ready to go. Companies with plans to expand big down the road will also find the project appealing, as it’s fully entitled for an additional 665k SF spread across …

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Ellis Partners Acquires 180 Grand Avenue, Oakland

Oakland, CA – San Francisco-based Ellis Partners announced that it has acquired the 277,030 square foot multi-tenant office building known as “180 Grand” in downtown Oakland, California. The project was acquired from an institutional investor.The property is a well-leased, multi-tenant office building at the southern edge of Broadway/Valdez specific plan district.  This acquisition represents the fifth purchase by commercial developer/investor Ellis Partners with capital partner Artemis Real Estate Partners.180 Grand is a fifteen story office building located at the prominent corner of Grand Avenue and Harrison Street adjacent to Oakland’s Lake Merritt.  The property also includes a surface parking lot …

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Ellis Partners Acquires 4040 Civic Center Drive, San Rafael

San Rafael, CA – San Francisco-based Ellis Partners LLC announced that it has acquired the 130,237 square foot multi-tenant office building known as “4040 Civic Center Drive” in San Rafael, California.  The project was acquired from an institutional investor.The acquisition represents the fourth purchase by commercial developer/investor Ellis Partners with capital partner Artemis Real Estate Partners.“We are pleased that Ellis Partners was able to identify another high-quality asset for acquisition,” said Jim Smith, Portfolio Manager of Artemis Real Estate Partners.  “Ellis Partners was one of our earliest partners and we are very pleased to continue expanding our relationship with the …

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Ellis Partners Announces Acquisition of The Pruneyard

Campbell, CA – Today Ellis Partners announced the purchase of The Pruneyard, a 27-acre mixed use landmark asset located in the heart of Campbell, CA. The Pruneyard is comprised of over 365,000 square feet of office space, over 250,000 square feet of retail space and the 171-room Doubletree (Hilton) hotel. Terms of the transaction were not disclosed.Located at the intersection of Campbell and Bascom Avenues only a quarter mile from thriving downtown Campbell, immediately accessible from State Route 17, and proximate to some of Silicon Valley’s highest profile residential neighborhoods including Willow Glen, Los Gatos, Saratoga, Cupertino, and Los Altos, …

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Young’s Market Company Buys Pleasanton Office Building

by Bianca Torres, San Francisco Business TimesPleasanton, CA – Young’s Market Co., a wholesale beverage distributor, is moving its Northern California operations to Pleasanton from Union City.The company recently bought a 65,000-square-foot office building at 5100 Franklin Dr. in Pleasanton from Ellis Partners LLC, a San Francisco-based real estate investor and developer.The property, built about 12 years ago, formerly housed Hitachi Data Systems, a company that downsized and moved to another facility in Pleasanton.Young’s Market, founded in 1888, is a family-owned company headquartered in Southern California with operations in California, Oregon, Washington, Alaska Hawaii, Arizona, Idaho, Utah, Wyoming and Montana.  …

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Jack London Square Ventures Announces Agreement with Trifecta management Group for Major Entertainment Concept at Jack London Square

Oakland, CA – Today, Jack London Square Ventures, a joint venture between Ellis Partners LLC and DivcoWest, announced that it reached an agreement with Trifecta Management Group for a major dining and entertainment concept for the Pavilion Building that formerly housed a Barnes and Noble in Oakland’s Jack London Square Development.  The city block sized site, located at 98 Broadway, includes a 34,000 sq. ft. building and a 15,000 sq. ft. outdoor plaza and lies at the center of the 9 block project.“This is a major step forward at Jack London Square,” said James Ellis, Managing Principal of Ellis Partners …

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