Author: federicocastleto
Harvest Properties/Cerberus Capital Management JV Sell 385K-SF Office Building in Daly City, CA
Dc Station OAKLAND, Calif. – May 18, 2021 – PRLog — Harvest Properties (“Harvest”) and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”) have sold DC Station, a 385,000-square-foot Class A office building and adjacent seven-level parking structure in Daly City, CA. Oakland, CA-based real estate investment firm Harvest and Cerberus, a global leader in alternative investing, acquired the asset located at 2001 Junipero Serra Boulevard in April 2018. DC Station benefited from an attractive transit-oriented location, large and flexible floorplates, recently completed on-site amenities, and overall high asset quality relative to its replacement cost and other comparable trades in ... Read more