Meridian Commercial Facilitates San Rafael Building Sale to Marin Shakespeare Company
Former Heller’s for Children to come to life again after iconic store closed in 2011
San Rafael, CA (January 30, 2017) – Meridian Commercial President Matt Brown announced today that his firm proudly represented both the buyer and the seller in the sale of 514 Fourth Street in San Rafael to the Marin Shakespeare Company.
The purchase price of the approximately 15,346-square-foot, two-story commercial building was slightly more than $2 million. The ground floor comprises about 7,332 square feet while the rest of the building features storage and mezzanine space. For more than 50 years, Heller’s for Children operated a store in the building that catered to young families with children, selling sleepers, high chairs, play pens and the like to thousands of Marin families.
The seller in the transaction was a local family that purchased the building in an earlier trade using a 1031 exchange. Samuel Ko with Meridian Commercial represented the seller while Matt Brown and Mike Lieberman – also with Meridian Commercial, represented the buyer.
Marin Shakespeare Company is currently located on Belle Avenue in San Rafael. The purchase represents an expansion for Marin Shakespeare’s programs to include expanded administrative offices, set and prop storage, with workshop and ultimately, production space.
The space will meet the growing need for production facilities for live theatre and acting workshops for the community. The transformation of the property into a lively venue teeming with creative activities is consistent with the city’s general plan policy of “alive after five” where fun family entertainment is available to the community into the evening hours.
“The voice of parents is the voice of gods, for to their children they are heaven’s lieutenants.” William Shakespeare
About Meridian Commercial
Meridian Commercial is a locally owned real estate services firm dedicated to strengthening the economy through encouraging and advocating transactions that work for all parties. Located in San Rafael, California, Meridian Commercial real estate advisory serves clients in the leasing and sales of light industrial, office and retail properties in Marin and Sonoma Counties.