Shorenstein Investment Advisers has acquired 550 Allerton, a 76,649-square-foot, class A office building in Redwood City, Calif.
Completed in 2018, 550 Allerton is a six-story class A office building situated in downtown Redwood City. The property features modern office space designed for the needs of today's tenants, along with convenient subterranean parking.
In addition to its central location, the property is steps away from the city’s Caltrain station and offers immediate access to the area’s retail and restaurant amenities. The submarket has drawn a concentration of law firms, venture capital and other financial and professional services tenants willing to pay a premium for the location and continues to face significant barriers to new supply given its infill footprint.
“Downtown Redwood City remains one of the Bay Area’s best-performing and most supply-constrained office markets, and we’re thrilled to acquire 550 Allerton, a premier asset in the
