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Jeffer Mangels Butler & Marmaro LLP Real Estate Attorneys Negotiate 255,000-Square-Foot Site For California State Automobile Association
Business Wire, August 23, 2007
Six-Story Build-To-Lease Near Walnut Creek BART Station to be Completed in 2009
SAN FRANCISCO -- Jeffer, Mangels, Butler & Marmaro LLP (JMBM), one of California's foremost full-service law firms, has announced that a team comprised of their Real Estate, Corporate, Finance, Tax and Land Use attorneys advised the California State Automobile Association (CSAA) in their negotiations for a site near Walnut Creek, California for the relocation of their headquarters in San Francisco.
The JMBM team, led by Martin H. "Marty" Orlick, helped negotiate for CSAA a 255,000 square-foot, six-story build-to-suit lease with a purchase option, with Equity Office Properties, which was acquired earlier this year by Blackstone Group, L.P.
"This is a visionary move by CSAA," said Orlick who specializes in complex real estate transactions. "The move will better enable them to operate like the forward-thinking company they are."
The transaction required expertise involving leasing, tax, land use, construction, and finance. Construction on the 255,000-square-foot building near a BART transit station is scheduled to begin early in 2008 and be completed in 2009. The buildings that comprise the CSAA office complex in San Francisco are up for sale.
About Jeffer, Mangels, Butler & Marmaro LLP
JMBM is committed to providing clients with results. Throughout its offices in Los Angeles, San Francisco, and Orange County, the Firm's 160 attorneys serve as trusted advisors who understand complex legal and business issues. For more information, visit JMBM.com
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