SAN FRANCISCO – Equity Office Properties Trust has unloaded two office complexes north of San Francisco for a reported $100 million. The disposition includes Drake’s Landing, a 130,177-square-foot office complex in Greenbrae, and Wood Island, an 82,731-square-foot complex in Larkspur. Drake’s Landing was purchased by a large life insurance company, while Harrigan, Weidenmuller Co. snatched up Wood Island.
The three-building Drake’s Landing is located at 100, 300, 500 Drakes Landing Road. It is 88 percent occupied. The two-building Wood Island is located at 60-80 E. Sir Francis Drake Blvd. It is 95 percent occupied. Both properties are situated near Highway 101, which connects Marin County to San Francisco via the Golden Gate Bridge.
Harrigan, Weidenmuller Co. was represented by Tim Muller, Brian Muller and Jim Clifford of Montgomery Advisors. Equity Office was represented by Michel Seifer, Rob Hielscher and Aaron Herter of Jones Lang LaSalle’s (JLL) Capital Markets.