Hines Acquires San Mateo Office Complex for $217 Million
04/20/2018 – (San Francisco Business Times) Hines, a global real estate firm, is the new owner of Clearview Business Park, a 380,000-square-foot office complex in San Mateo that is fully leased to Tesla and GoPro.
The price was $217 million or about $571 per square foot, according to public records. The seller in the deal was Deutsche Asset & Wealth Management, which paid $125.5 million, or about $464 per square foot for the property in 2014.
“Clearview Business Park is a high-quality asset in a strategic location,” Hines Senior Managing Director Cameron Falconer said in a statement. “We are excited to … read more