Rowland Plaza

Rowland Plaza
Novato, California

Property Address:
75 Rowland Way
Novato, CA 94945

Rowland Plaza is 145,000 square feet of office space in two buildings and a 24,120-square-foot Staples store. At the time of acquisition in 2009, the buildings were only 73% leased. The previous owner had not been aggressively leasing due to capital constraints. BPG acquired the project and capitalized the venture to renovate the office building lobbies and re-tenant the vacant space. Within 16 months, the buildings were 98% leased and the Staples lease was renewed. The project was sold in 2015 for an impressive return to investors.