Belmont, Calif. (July 30, 2015) – Embarcadero Capital Partners, a full service commercial real estate investment, development and management firm and partner Deutsche Asset & Wealth Management today announced that they have begun construction on an expansion of the Clearview Business Park in San Mateo.
Designed by renowned San Francisco-based firm Korth Sunseri Hagey Architects, the highly anticipated project entails construction of an elegant new 110,876 square foot Class A office building and an 817 stall parking structure. The state-of-the-art three-story structural steel and concrete building, which is scheduled to be completed in September of 2016, features expansive 36,958 square foot floor plates and energy efficient building systems.
Built by San Francisco-based Build Group to LEED Silver standards, the design incorporates a dignified and welcoming two-story entrance lobby, extensive natural light, and panoramic San Francisco Bay and mountain views. Other enticing tenant amenities include freeway signage, free parking, outdoor collaborative space, electric vehicle charging stations, building showers, and bike racks. The six-story precast concrete parking structure is on track to open in March of 2016.
“This project draws on our strengths as a full service real estate company,” said John Hamilton, Co-Founder and Principal of Embarcadero Capital Partners. “We are proud to enhance the value of this stunning project for our trusted partner Deutsche Asset & Wealth Management and excited to deliver this caliber of space with its unique views of the Peninsula to the marketplace.”
“We are pleased to be delivering a LEED Silver designed project into a strong market with limited options for 100,000 square feet of contiguous Class A office space,” said Todd Henderson, Head of Real Estate, Americas for Deutsche Asset and Wealth Management. “The development will be a notable enhancement to our investment in the exceptional campus setting at Clearview Business Park.”
Situated on an elevated bluff overlooking the City of San Mateo, Clearview Business Park offers panoramic views of the San Francisco Bay as well as the surrounding mountains and much of the Peninsula. Acquired by Embarcadero Capital Partners and Deutsche Asset & Wealth Management in April of 2014, the beautifully landscaped property consists of nearly 22 acres and five existing office buildings in a campus-like setting with 267,483 square feet of Class A office space. Clearview Business Park proudly boasts the corporate headquarters of GroPro and SolarCity.
Clearview Business Park is perched over the confluence of the Peninsula’s key commuter freeways: Route 92, Interstate 280 and Highway 101. The location affords unparalleled access to the entire Bay Area by car and is just 12 minutes from San Francisco International Airport and 30 minutes from San Jose International Airport. The site is pedestrian friendly with the Laurelwood Shopping Center nearby and provides easy access to public transportation including a bus line with frequent shuttles to BART and Caltrain.
In addition to overseeing planning, design and construction, Embarcadero Capital Partners will manage and lease the new building. Leasing is being handled by Carol Donnelly, Director of Leasing.
About Embarcadero Capital Partners
Founded in 2002, Embarcadero Capital Partners (ECP) is a full service commercial real estate investment, development and management firm based in Belmont, California. ECP invests in Dynamic, development-constrained west Coast markets that are known for innovation, intellectual capital and a creative business culture. ECP targets assets with strong leasing appeal due to location, quality, design and other factors. Founded by longtime industry professionals Eric Yopes and John Hamilton, ECP has raised over $800 million of equity capital in four closed-end funds. Investors include leading endowments, foundations, insurance companies, fund-of-fund investors, and family offices. More information about the ECP and the project is available at http://www.ecp-llc.com/news.
About Deutsche Asset & Wealth Management
Deutsche Asset & Wealth Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees around the world, USD 46.3 billion in assets under management as of May 31, 2015, and offers a diverse range of strategies and solutions across the risk and return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans and private clients worldwide. To learn more about Deutsche Asset & Wealth Management’s real estate investment capabilities, please go to www.deutscherealestate.com
Deutsche Asset & Wealth Management
With USD 1.25 trillion of assets under management (as of March 31, 2015), Deutsche Asset & Wealth Management¹ is one of the world’s leading investment organizations. Deutsche Asset & Wealth Management offers individuals and institutions traditional and alternative investments across all major asset classes. It also provides tailored wealth management solutions and private banking service to high-net-worth individuals and family offices.