May 18, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $32.25 million sale of 1450 Veterans Boulevard, a three-story, 53,000-square-foot office building in downtown Redwood City, California.
HFF marketed the property on behalf of the seller, Griffin Capital, and procured the buyer, Rees Properties, Inc.
1450 Veterans Boulevard is located in downtown Redwood City, just one mile from the Redwood City Caltrain station, providing direct access to downtown San Francisco. Downtown Redwood City offers the unique combination of proximity to Stanford University, venture capital, the U.S. Highway 101 corridor and connectivity to the executive housing corridor along Interstate 280 via Woodside Road. The property was built by DPR Construction for its own use in 2000 and is fully occupied by the firm through 2022. The 1.81-acre site also offers tenants 171 parking stalls.
The HFF investment sales team representing the seller was led by Michael Leggett, co-head of HFF’s West Coast team; senior managing director Gerry Rohm; director Ben Bullock and associate director David Dokko.