SAN MATEO, Calif. – Hines, along with partner Angelo, Gordon & Co. has acquired San Mateo Centre, a 217,544-square-foot, three-building office complex located in San Mateo.
The low‐rise, three‐story buildings were constructed between 1985 and 1987, and sit on a 9.79‐acre parcel bordered by Gateway Drive and Highway 92 to the north, Gateway Drive to the west, and Edgewater Boulevard to the south.
San Mateo Centre offers tenants “a cost-effective alternative to San Francisco and Silicon Valley,” said Hines Senior Managing Director Cameron Falconer.
The campus is currently 86 percent leased to tenants, including: California Society of CPA’s; Camico Mutual Insurance; Guavus, Inc.; Nexant; and SugarSync, Inc. Hines has assumed on-site property management responsibilities on behalf of the joint venture.
San Mateo Centre is the first acquisition between Hines and Angelo Gordon. Angelo, Gordon & Co., is a privately‐held, SEC‐registered investment adviser founded in 1988 and currently manages $26 billion.