(SAN MATEO, CA) – Hines, the international real estate firm, and Pearlmark, a private equity real estate firm, announced today that construction on one of the buildings at 400|450 Concar, a new Class A office complex totaling 305,000 square feet on 3.3 acres in San Mateo, CA, has been completed.
The 96,000-square-foot, four-story 400 Concar is now complete and available for lease. 450 Concar is also scheduled to be complete later this month and is fully leased to Medallia, the global SaaS Customer Experience Management (CEM) leader. Designed by Form4, Inc., 400|450 Concar is LEED® pre-certified Platinum and delivers superior design and efficiency for the market.
“400 Concar sets a new standard for San Mateo’s Class A space by offering the ideal combination of location, distinctive architecture, state-of-the-art office space and amenities that high-performance companies are looking for,” said Hines Director Sam Cheikh.
Centrally located near the intersection of U.S. Hwy. 101 and Interstate 92, 400|450 Concar is uniquely positioned between San Francisco and Silicon Valley. The highly visible property is directly adjacent to the Hayward Park Caltrain station as well as the future retail and housing amenities at Station Park Green, which will bring 35,000 square feet of new retail and 599 rental housing units to the corner of Concar & Delaware, further solidifying 400|450 Concar as an ideal office location.
For more information about 400|450 Concar, please visit www.400450concar.com.
Chicago-based Pearlmark is a private equity real estate investment firm that pursues domestic, value-added and core/core-plus strategies through institutional commingled investment vehicles and separate accounts. Since its inception in 1996, the firm has made more than 525 office, industrial, retail, multifamily, and mezzanine loan investments nationwide, representing a gross investment of over $12.8 billion. Pearlmark and its partners, including insurance companies, public and private pension funds, foundations and endowments, banks, corporations, and high net worth individuals and families, have committed approximately $5.0 billion of equity capital to the firm’s investment activities. For more information, please visit www.pearlmark.com.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 192 cities in 20 countries. Hines has $93.2 billion of assets under management, including $47.9 billion for which Hines provides fiduciary investment management services, and $45.3 billion for which Hines provides third-party property-level services. The firm has 105 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,180 properties, totaling over 379 million square feet. The firm’s current property and asset management portfolio includes 483 properties, representing over 199 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.