Transactions - APRIL 15, 2014

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LaSalle, Harvest makes second acquisition as partners

by Andrea Waitrovich

LaSalle Investment Management and Harvest Properties have acquired two mid-rise towers totaling 276,551 square feet in San Mateo, Calif., from Fisher Investments. The firms did not disclose a sales price; however it is estimated that both assets sold for approximately $100 million.

At a sales price of $363 per square foot, Century Centre I sold for $37.1 million and Century II sold for $62.9 million. Eastdil Secured represented the seller.

Fisher Investments is in a long-term lease at Century Centre II. Century Centre I has a diverse multi-tenant roster that includes technology, venture capital, finance and other professional services firms. Harvest negotiated three new lease transactions during due diligence and marketi

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