California

OAKLAND, CALIF. – The Swig Company has acquired The Wakefield Building, a 57,000-square-foot creative office property in Oakland, for an undisclosed sum. The building is located at 416 17th Street. The property was originally developed as a medical office building by Dr. W.H. Wakefield in the 1920s. Notable tenants include Sungevity’s incubator spin-off, SFunCube, as well as First Place for Youth, the American Heart Association, the Rockwood Leadership Institute and the Asian Pacific Education Network. The Swig Company also owns and operates the nearby Kaiser Center on Lake Merritt. The unnamed seller was represented by Seth Siegal and Adam Lasoff of Cushman & Wakefield. The Swig Company’s legal advice was provided by Tony Ratner of Farella Braun + Martell.

RAMON, CALIF. – Sarens has leased 7,355 square feet of space at Bishop Ranch in San Ramon. The Class A office space is located at 5000 Executive Parkway. The heavy lifting and engineered transport company will be relocating from the Marina Village office complex in nearby Alameda. Sarens recently transported the Endeavor space shuttle to Los Angeles. The company was represented by Gregg Hall of Cresa San Jose. The landlord, Sunset Development, represented itself in this transaction.

SAN FRANCISCO — San Mateo BayCenter, a 303,257-square-foot office campus in the Silicon Valley submarket of San Mateo, has received $86 million in financing. The Class A campus is located at 901 and 951 Mariners Island Blvd., and 999 Baker Way. San Mateo BayCenter is situated at the intersection of U.S. Highway 101 and Highway 92. The three-building campus was built in 1987. The campus is more than 98 percent leased to tenants like Marketo, Brightedge Technologies and Actuate. The floating-rate, post-acquisition financing was arranged by HFF’s Bruce Ganong, Jordan Angel and Walter Chui on behalf of Rockpoint Group. HFF also handled the property’s sale, which closed in September. The seller was Equity Office Properties.

SAN DIEGO – Viewridge Business Park, a 72,571-square-foot office complex in the Kearny Mesa submarket of San Diego, has sold to MIG Real Estate for an undisclosed sum. The park is located at 4711, 4715 and 4719 Viewridge Ave. It is currently 82 percent leased. Notable tenants include Coastal Credit, YARDI and Vericare. MIG Real Estate represented itself in this transaction, while the unnamed seller was represented by Bob Prendergast and Lynn LaChapelle of Jones Lang LaSalle.

SAN DIEGO – An 11,686-square-foot office building in San Diego has sold to Jason R. Larson for $3 million. The building is located at 5925 Kearny Villa Road. The buyer plans to use the first floor of the building as the headquarters for Lars Remodeling and Design. The current tenant will continue to occupy the second floor. The building was constructed in 1991. Larson was represented by Jody VanSumer of San Diego Market Realty. The seller, 5925 Kearny LLC, was represented by Derek Hulse and Derek Applbaum of Colliers International.