Commercial Real Estate Blog

Pacific Shores Center
Seaport Blvd, Redwood City

17,000-34,000 Square Feet of Class A Space
Plug N’ Play with Cubicles & Office Furniture
$1.25 NNN. Sublease through 2011.
~30% Below Market

Shorenstein has purchased a $40M stake of the $216.8M construction financing debt package provided to Jay Paul Co. earlier this year for the construction of the Moffett Towers Project.

The Moffett Towers project includes about 900,000 square feet of Class A Office Space and will eventually include an additional 900,000 square feet as well as a 40,000 square feet fitness center for tenants.

Although no leases have been signed at the project to date, it is rumored that Google has signed up to take a piece of the project.

The developer of Moffett Towers, Jay Paul Co., was also responsible for the construction of Pacific Shores Center in Redwood City. PSC is also a 1.8M SF office project which was recently sold early this year to Starwood Capital for approximately $830M. Starwood Capital recently flipped a portion of that project to Shorenstein.