Loss: Office Park development stalled.
Cause of Loss: Environmental hazards related to the former PG&E maintenance facility, located at this site.
Solution: Remediate environmentally impacted areas. Then secure entitlement required to building additional Class A office building at site.
Result: Traded to new owner who completed construction of 157,000 SF Class A, office bld.
Property Manager: Hines
Lender:
