{"id":1004287151,"date":"2018-12-19T05:09:01","date_gmt":"2018-12-19T13:09:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004287151"},"modified":"2022-12-08T16:17:18","modified_gmt":"2022-12-09T00:17:18","slug":"lincoln-property-jv-acquires-san-francisco-area-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lincoln-property-jv-acquires-san-francisco-area-mob\/","title":{"rendered":"Lincoln Property JV Acquires San Francisco-Area MOB"},"content":{"rendered":"<p>By Holly Dutton<\/p>\n<div id=\"attachment_1004287292\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/1720-El-Camino-Real.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004287292\" data-attachment-id=\"1004287292\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-jv-acquires-san-francisco-area-mob\/1720-el-camino-real\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/1720-El-Camino-Real.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1720 El Camino Real\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1720 El Camino Real&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/1720-El-Camino-Real.jpg?w=640\" class=\"wp-image-1004287292 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/1720-El-Camino-Real.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/1720-El-Camino-Real.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/1720-El-Camino-Real.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004287292\" class=\"wp-caption-text\">1720 El Camino Real<\/p><\/div>\n<p>A joint venture of Lincoln Property Co.&nbsp;and Angelo Gordon has acquired a Class A medical office building in Burlingame, Calif. Sierra Investments sold the three-story asset.<\/p>\n<p>Located at 1720 El Camino Real, the property encompasses more than 100,000 square feet on nearly 4 acres and is adjacent to the&nbsp;450,000-square-foot Sutter Health Mills-Peninsula Hospital, a $640 million facility completed in 2011.<\/p>\n<p>Transit options such as BART, Caltrain and highways 101 and 280 are in close proximity to the property, which is located about a 30-minute drive from San Francisco. Furthermore, several restaurants and retail venues, including the Burlingame Plaza, a 100,000-square-foot shopping center, are nearby.<\/p>\n<p>The joint venture is planning a multi-million-dollar improvement program that will include renovations to the lobby, courtyards and common corridors, as well as upgrades to the building\u2019s exterior and the addition of new interior and exterior signage.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/nkf-capital-markets-adds-2-to-bay-area-team\/\">Seth McKinnon, senior managing director<\/a> with Newmark Knight Frank, worked on behalf of the buyers. The building is 85 percent leased to a variety of healthcare tenants including Lucile Packard Children\u2019s Hospital, Sutter Health, DaVita Dialysis Clinic and Mid-Peninsula Endoscopy.&nbsp;<\/p>\n<p>Earlier this year, a <a href=\"https:\/\/www.commercialsearch.com\/news\/lincoln-property-jv-snags-historic-sf-office-property\/\">joint venture of Rockwood Capital and Lincoln Property Co.<\/a> acquired a historic office building in the financial district of San Francisco.<\/p>\n<p><em>Photo courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LPC West and Angelo Gordon teamed up to purchase a medical office building in Burlingame, Calif., that has more than 100,000 square feet.<\/p>\n","protected":false},"author":745,"featured_media":1004287292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21754,21742,1609,15],"tags":[43448,32838,36007,43451],"class_list":["post-1004287151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-medical-office","category-latest","category-san-francisco","category-west","tag-angelo-gordon","tag-lincoln-property-company","tag-newmark-knight-frank","tag-sierra-investments"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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