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SAN DIEGO — Rubicon Point Partners has purchased San Mateo BayCenter, a 300,000-square-foot office campus, for an undisclosed sum. The three-building campus is located at 999 Baker Way and 901 and 951 Mariners Island Blvd. in San Mateo.
The asset was renovated in 2014. Recent improvements include an indoor/outdoor community area with amenity space and cafe, full lobby renovations, revitalized fitness center and locker rooms, and new landscaping and signage. The property is 88 percent occupied by tenants such as Marketo, OpenText Corp. and Sares-Regis Group.
HFF’s Michael Leggett and NGKF’s Steve Golubchik, Edmund Najera and Ben Bucci represented the seller, Rockpoint Group, in this transaction.