GI Partners and Roy Kelvin Acquire Redwood City Office Property for $30.1 Million

GI Partners and Roy Kelvin have purchased an 89,145 square foot office property in Redwood City from Vertical Ventures and Hamid Rezapour for $30.1 million.

By skyrealm.ai on May 5, 2021
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GI Partners and Roy Kelvin Acquire Redwood City Office Property for $30.1 Million

GI Partners and Roy Kelvin have acquired an 89,145 square foot office property in Redwood City from Vertical Ventures and Hamid Rezapour for $30.1 million. The property is located at 1201 & 1235 Radio Road and was sold by CBRE.

The property consists of two buildings, one of which is a single-story office building and the other is a two-story office building. The buildings were constructed in 1972 and 1980, respectively, and are situated on a 4.3-acre site. The property features ample parking and is located near major highways and public transportation.

GI Partners is a private equity firm that specializes in real estate and technology investments. The firm has over $23 billion in assets under management and has invested in a variety of real estate assets, including office, industrial, and retail properties.

Roy Kelvin is a real estate investor and developer who has been active in the San Francisco Bay Area for over 30 years. Kelvin has developed a variety of commercial and residential properties throughout the region and is known for his expertise in the local real estate market.

Vertical Ventures is a real estate investment firm that focuses on value-add and opportunistic investments in the Western United States. The firm has a portfolio of properties in California, Arizona, and Nevada.

Hamid Rezapour is a real estate investor and developer who has been active in the San Francisco Bay Area for over 20 years. Rezapour has developed a variety of commercial and residential properties throughout the region and is known for his expertise in the local real estate market.

CBRE represented the seller in the transaction. CBRE is a global real estate services firm that provides a wide range of services to clients in the commercial real estate industry.

The sale of the property reflects the continued strength of the Redwood City office market, which has seen strong demand from investors and tenants in recent years. The property’s location near major highways and public transportation, as well as its ample parking, make it an attractive option for businesses looking for office space in the area.

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