PRESS RELEASE

Bridgepointe-Office-Park-1.png
Bridgepointe-Office-Park-2.png
Bridgepointe-Office-Park-Map.png

October 2nd, 2019

Miramar Capital Completes Acquisition of Bridgepointe Office Park in San Mateo, CA

Miramar Capital, in partnership with The Related Companies, is pleased to announce the acquisition of Bridgepointe Office Park. The property is ideally situated in the heart of San Mateo, conveniently connecting the region to the surrounding Peninsula and greater Bay Area. The San Francisco Peninsula has become a key business hub bridging the city of San Francisco to Silicon Valley, with employers migrating from both regions in search of large campus availabilities in San Mateo County.

The property is comprised of two adjacent 3-story office buildings totaling 130,879 square feet across 6.1 acres and is currently 84% leased to a strong roster of tenants representing a diverse mix of industries including software, financial and professional services, robotics, and consumer goods. The Property presents a compelling opportunity to acquire an asset with significant mark-to-market and value-add potential in a dynamic market that continues to exemplify strong momentum.