227,803 SQFT Creekside Plaza Office Park  in San Leandro Sells for $109.6MM

1100 San Leandro Blvd Cushman & Wakefield BART Alameda Creekside Plaza Office Park Boyd Waterson Asset Management Innisfree Companies

Sale of Class A office campus is the largest suburban office trade in SF East Bay since 2019

(EDITOR’S NOTE: According to a report by the San Jose Mercury News, the property sold for $109.6 million, or roughly $481 per square foot. The buyer was an entity associated with Cleveland, Ohio-based Boyd Waterson Asset Management, and it was sold by Innisfree Companies.)

SAN LEANDRO, Calif., – June 16, 2022 –  Cushman & Wakefield announced the firm has advised the sale of Creekside Plaza Office Park, a three building, 227,803-square-foot (sf) Class A multi-tenant office campus plus a development site in San Leandro, California.

Built in phases between 2002-2010, Creekside Plaza is one of the newest Class A, BART-oriented office campuses in Alameda County and has maintained an average historical occupancy of 98%.

An institutional investor acquired the property from a privately held real estate development company for an undisclosed price. Owned by the original developers for the past 20+ years, this was the first time Creekside Plaza was ever marketed for sale. According to Cushman & Wakefield, the sale represents the largest suburban office trade in the East Bay since 2019. 

Cushman & Wakefield (C&W) represented the seller in the transaction led by Ryan Venezia of the firm’s Northern California Capital Markets Group along with Barry Cohn. The C&W team also included Seth Siegel, Steve Hermann, Rick Ryan, Kevin Flemming, and David Englert.  

Creekside Plaza Office Park is a strong-performing Class A office campus at the highly visible corner of San Leandro Blvd and Davis St and directly across the street from San Leandro’s BART station. The property is walkable to downtown San Leandro and several retail, shopping and dining amenities. The location also provides convenient commuter access that is less than a 15-minute BART ride from Oakland CBD and less than 25 minutes from San Francisco, Berkeley, Fremont, and Dublin.

About Cushman & Wakefield 

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. 

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