Mar
30
Hines, Oaktree Nab SF-Area Office Campus
ByDublin Corporate Center was built between 2000 and 2001 and is reportedly one of the top assets in the submarket.
Dublin, Calif.—Hines and a fund managed by Oaktree Capital Management LP have acquired Dublin Corporate Center, a three-building, 440,266-square-foot Class A office campus in Dublin, Calif.
The deal’s financials were not disclosed, and a spokesperson told Commercial Property Executive that Hines was contractually barred from identifying the seller. Information provided by Yardi Matrix, however, indicated that the immediate past owner of all three buildings was JP Morgan Asset Management.
Also according to Yardi Matrix, the three buildings had previously been sold in November 2001, March 2005, August 2007 and March 2013 for $110 million, $105 million, $121 million and $102.75 million, respectively…
