CBRE Arranges $38.5 Million Sale of East Bay Class A Office Building, The Terraces

CBRE announced the $38.5 million sale of The Terraces in Pleasant Hill, Calif. from Eagle Canyon Capital to California Capital & Investment Group, a full-service commercial real estate company.

Scott Prosser, Jack DePuy, Joe Moriarty, Mike Taquino, Kyle Kovac, Giancarlo Sangiacomo and Alec Haley of CBRE’s Northern California Capital Markets team represented Eagle Canyon Capital, a real estate company based in the East Bay. Adam Ebner and Kirk Beebe of CBRE’s East Bay office served as leasing advisors.

Located at 2300 Contra Costa Boulevard in Pleasant Hill, The Terraces is a six-story, 134,759 sq. ft. building with 15 balconies. The Terraces was built in 1987 and was recently updated with modern interiors. The building is currently 87 percent leased to several companies across technology, financial and professional services. 

“The I-680 Corridor office market remains an attractive investment for stable, value-add opportunities that are closer to where workers reside. The Terraces has great identity from the I-680 freeway and benefits from being walking distance from shopping, dining and entertainment in downtown Pleasant Hill and Walnut Creek,” said Scott Prosser, Executive Vice President of CBRE.