The Registry: “Blackhawk Financial Center Sets Tone for Danville Market”
Posted on June 12, 2015
By Jack Stubbs
The real estate landscape in downtown Danville is becoming an increasingly appealing market both for buyers and sellers, prompting some notable and eye-catching deals. On Thursday, April 9th, Trumark Commercial LLC completed the sale of the Blackhawk Financial Center in Danville, CA, to StarJ Partners, LLC for $7,875,000 (or $284.83 per square foot) as a Grant Deed. The Blackhawk Financial Center, originally built in 1999, has a total square footage of 27,648. Over the last decade or so, the Financial Center, located at 4185 Blackhawk Plaza Circle in Danville, CA has significantly risen in value. Previously, in 1997, Behring Educational Institute sold the space to Greenwood Properties LLC for $675,000 according to the sales report.
Michael Copeland with DTZ, commercial real estate adviser, represented both Trumark Commercial and StarJ Partners in the financial transaction back in April. Copeland, who has also been retained by StarJ Partners as the leasing broker for the space, suggests that the area of Blackhawk in Danville is an especially attractive location and could have contributed to the significant sales value of the building.
The space is located at the corner of Crow Canyon Road and Camino Tassajara. It is also located adjacent to Blackhawk Plaza, a prominent retail center home to several restaurants and retail stores. At the time of sale several weeks ago, the Class A building was 91 percent leased to multiple prominent business tenants such as Chase Bank, Skyland Properties, Trumark Insurance and Financial and Tucker Associates, among several others.
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