Presidio Development Partners, LLC.
A Real Estate Investment and Development Company

Stoneridge Corporate Plaza

Pleasanton (San Francisco Bay Area), California
Project Description: Mixed-use, master-planned development consisting of 1.2 million square feet of Class A, mid-rise office space, a 500 unit apartment project, and restaurant and retail space.
Challenge: To design and obtain city approvals for 1.2 million square feet of Class A office space, 500 apartments and retail space; build and lease Phase 1 comprising 400,000 square feet of office space in an ultra-competitive leasing environment; maximize value by selling other phases.
Results: Successfully built and leased 400,000 square feet of Phase 1 office space; in addition, sold development site for 800,000 square feet of Class A office space to a major office user and apartment development site to another developer; exceeded profit projections.
Details: Commencement Date: Aug. 1985. Completion Date: Dec. 1994. Current Status: Sold.
Total Value: $150 million.