ROHNERT PARK, CA – January 6, 2014 – Cushman & Wakefield, the world’s largest privately-held real estate services firm, announced today that a West Coast brokerage team led by Senior Director Sean Heaton of the Portland, Oregon office, represented State Farm Insurance in the sale of a 283,230-sq. ft. office property on a 29.88-acre site in Rohnert Park, California. The deal was the San Francisco North Bay area’s largest office sales transaction in 2013.
In addition to Heaton, other members of the Cushman & Wakefield brokerage team that advised on the transaction include: Executive Director Glen Dowling and Director Tony Sarno of the San Rafael, California office, and Senior Director Dennis Richardson of the Los Angeles West office.
The State Farm transaction was especially notable given the size of property and the fact that it was vacant and sold without any new entitlements. Buyer was JNI, LLC (SunCal). Sale price of the property, which served as a former State Farm claims facility and call center, has not been disclosed.
The transaction closed on December 23, 2013.