Berkeley Plaza

JV Equity

92,770 SF Office/Retail Property

Berkeley, CA

HRC arranged an $8,000,000 joint venture equity investment for the $22,000,000 acquisition of a 92,770 sf office/retail property located on a city block in Berkeley, CA. The equity was provided by a private investment management firm on behalf of several high-net-worth clients. This represented approximately 70% of the required equity with the remainder funded by the sponsor’s previous investor base. The business plan is to entitle and redevelop the property into a 300+ unit, 180-foot high-rise multi-family project while retaining the street front retail comprising approx 40,000 sf. The property is located across the street from The Bart and is in close proximity to UC Berkeley.

Scroll to Top
Skip to content