Office

Park Place @ Bay Meadows

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross
Occupancy 100.0 %

Portfolio description

Jones Lang LaSalle Americas, Inc., (“JLL”), has been exclusively retained, and is pleased to present the one of a kind opportunity to acquire the fee simple interest in Park Place @ Bay Meadows (“Park Place” or the “Property”), a 258,233 square foot, transitoriented office/retail mixed-use project located in one of the Peninsula’s most dynamic live, work, play environments. Situated on 6.6 acres, the offering includes two trophy mixed-use buildings and one grocery anchored retail center, which are leased to some of the world’s most credit worthy tenants Whole Foods (Amazon), Meta, Essex, Zynga (Take-Two Interactive) and UCSF Health. The Property is currently 100% leased with 6.7 years of weighted average lease term remaining and investment grade credit covering 88% of the rent roll, creating one of the only true core investment opportunities on Caltrain. Additionally, with modern, post-2000’s construction, significant recent landlord investment and prestigious LEED certifications, Park Place provides 

investors with some of the most premier creative office space in the Bay Area.


Park Place @ Bay Meadows offers investors the one of a kind opportunity to acquire an institutional quality, mixed-use asset of scale with investment grade credit, long-term WALT and unmatched access in one of the Bay Area’s most competitive investment markets.

Investment Highlights

  • One of a kind opportunity to acquire a mixed-use trophy asset on the San Francisco Peninsula
  • High profile investment grade tenancy occupying 88% of the rent roll
  • Grocery anchored and nationally recognized retail roster
  • Extremely rare ability to acquire "scale on rail"
  • Strong in-place yields with diverse long-term cash flow
  • Irreplaceable, amenity-rich environment in San Mateo's Bay Meadows
  • Superior access and visibility on the Bay Area's main thoroughfare

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Park Place @ Bay Meadows (3 Properties)
Park Place @ Bay Meadows
San Mateo, CA, United States
1100 Park Place
San Mateo, CA, United States
1200 Park Place
San Mateo, CA, United States
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Last Updated Date: 24 Jun 2022

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