Oakland, CA – Our New Office and Address

Oakland, CA – As of August 2013, our Oakland office has a new location!

This location is a class A building with a brand new build out at city center, just steps away from BART. Our new space includes: double door entry off the elevator, private kitchen, copy room, large conference room, small conference room and larger working areas! We are excited to be here!

You’ll see this address updated in our emails, on the website, and in our other communications.

New Address:

475 14th Street, Suite 700

Oakland, CA 94612

http://goo.gl/maps/RoNPW

About the Team

Our Investment Specialists include:

Gary Aulakh: specializing in multi-family

Ethan Berger: multi-family focus in Contra Costa & Solano Counties

Kent Mitchell: facilitates apartment transactions in central areas of Berkeley and Oakland

Grant Chappell: specializes in multi-family and retail properties in the East Bay.

Industrial Specialists include:

Dante Guazzo and Allen Valdellon

Office Specialists include:

Douglas Sharpe and Patrick Shurr

For more information on our team you can visit:

http://www.nainorcal.com/Default.aspx?tabid=10869

Hope to see you at our new location!

Remember to like us on Facebook https://www.facebook.com/NAINorthernCalifornia
and follow us on Twitter https://twitter.com/NAINorCal

Broker Associate, Jason Keith, Closes on San Francisco Apartment Portfolio

NAI Northern California would like to congratulate Jason Keith on the recent success of a four building apartment portfolio in San Francisco; with the last property due to close in mid February. Although the properties were sold off market, Mr. Keith achieved an aggressive sales price for the portfolio by discreetly shopping the properties, both as a portfolio and individually, to various extremely active San Francisco apartment building buyers.

The three buildings that have closed were a 6-unit property in Cow Hollow, a 6-unit property in Russian Hill and a 15-unit property in Nob Hill, totaling $7,500,000. The average parameters of the three deals were $320,382 per unit; 13.52 GRM; $385 per square foot and a 4.78% cap. rate. For further details, please contact Jason Keith at 415-226-2028 or by email at jkeith@nainorcal.com.

Santa Clara moves child services to big space at Ridder Park

The county of Santa Clara’s Department of Child Support Services is on the move.

The county has signed a 10-year lease for 83,841 square feet at the Ridder Park Technology Center at 880 Ridder Park Drive in San Jose. The department, which occupies 152,000 square feet at 2851 Junction Drive in San Jose, is slated to take occupancy on Nov. 1.

It’s the second big chunk of space to go at five-building Ridder Park this year. Expression College for Digital Arts signed for a 64,893-square-foot R&D/office building at 1751 Fox Drive and was slated to move in this month.

Asking rents in the area for this type of space are in the $1.25 to $1.95 per foot range, said Douglas Sharpe, managing director/senior vice president for NAI Northern California, who represented the county. According to public records, the county will pay $1.45 per square foot with 2.5 percent annual increases and will pay no rent the first 10 months.

Sharpe said the county was attracted to the property because it is located close to public transit and freeway access. “And it’s not too far away from other county functions, which was important to them because of the children’s services,” he said.

Steve Horton and Kelly Yoder with Cassidy Turley, in collaboration with Sherman Chan and Jeff Houston of CBRE, represented the landlord, Hines, a Houston-based real estate developer, in the transaction.

Three blocks of space remain at Ridder Park totaling about 250,000 square feet, said Horton of Cassidy Turley.

“We have good activity on the balance of the project,” he said.

The county’s former site at Junction Drive is being marketed for sale or lease by Phil Mahoney and Jesse Millman of Cornish & Carey Commercial Newmark Knight Frank.

Silicon Valley / San Jose Business Journal
http://www.bizjournals.com/sanjose/blog/real-estate/2012/09/county-moves-child-services-to-big.html?ana=e_bay_real&s=newsletter&ed=2012-09-27

NAI Secures 83,841 SF / Ten Year Lease for the County of Santa Clara

August 14, 2012, San Jose, CA – Douglas Sharpe, Senior Vice President and Managing Director of NAI Northern California, San Jose Office, has assisted the County of Santa Clara’s Department of Child Support Services in the acquisition of their newest home at 880 Ridder Park Drive in San Jose.  The 83,841 square foot, 10 year lease, with Hines Interests L.P. Property Management Group was officially approved by the County Board of Supervisors on August 7, 2012.  The approval came just in time for the full scope of tenant improvements to be made to the property for the scheduled November 1st, 2012 move in. The Department of Child Services is currently located in a 152,000 square foot building at 2851 Junction Drive in San Jose, CA.

Douglas Sharpe, MCR, LEED AP, joined NAI Northern California in March of 2012 as the Senior Vice President and Managing Director of the newly established San Jose office. His experience with major projects for public organizations, private high net worth individuals, government, and Fortune 500 Companies shines through with his leadership and was clearly demonstrated with this recent industry high transaction.

“Since joining NAI Northern California in March 2012, Doug Sharpe’s positive contributions to both his clients and NAI were immediately apparent. Transactions of this size and complexity demand a high degree of integrity, experience, and leadership”, James Kilpatrick, President.

About NAI

NAI Northern California is full service commercial real estate services firm in the San Francisco Bay Area and part of NAI Global, the largest managed network of Commercial Real Estate Brokerage Service firms in the World. Recognized as one of the Top 25 Commercial Real Estate Firms by the East Bay and San Francisco Business Times, NAI Northern California provides comprehensive brokerage, leasing, debt, advisory, and property management services for corporate end users, property owners, developers, investors, and financial institutions.

Newest Addition to the NAI Kilpatrick Office Team

NAI Kilpatrick is proud to announce and welcome Paul Adelman to the Office team as a Senior Associate in the firms Oakland Office.  Paul specializes in Investment sales of commercial properties in Alameda & Contra Costa counties. Knowledgeable in all aspects of Commercial Real Estate, Paul is able to leverage his previous experience related to acquisitions and dispositions. Welcome to the team Paul!

 

In our San Francisco Office, Matt Brasler, Senior Vice President, recently completed a 16,206 square foot sublease at 201 Mission Street on behalf of a growing social media analytics company, Kontagent, Inc. At $17 psf, this sublease is the lowest rent per square foot achieved in the marketplace this year.  Matt also recently listed 394 Pacific Avenue for lease, a brick and timber construction, beautifully restored historic building in a prime Jackson Square location.

 

For more information on all our other property listings, please click here.

NAI Kilpatrick Attracts ‘Top Talent’

NAI Kilpatrick, a full service commercial real estate brokerage with offices in Oakland and San Francisco, California, has added several industry veterans to their roster of experienced sales and leasing professionals. President James Kilpatrick tells GlobeSt.com that “This is a small indication of major things to come.”

Kilpatrick points out that the firm is “extremely pleased to welcome these respected and seasoned brokers to our team” and points out that he expects several more additions over the coming months, “continuing to improve the quality and breadth of service for our clients.”

For the entire story, please click on the following link:

http://www.globest.com/news/1976_1976/sanfrancisco/313023-1.html