CBRE Global Investors has bought a California office asset for a fund.
The manager is to upgrade the California Plaza building, in Walnut Creek, to include conference amenities.
Vance Maddocks, CIO at CBRE Global Investors Americas, said: “California Plaza is a great fit for our investment plan to acquire transit-oriented, quality real estate in premier infill suburban sub-markets.”
The 394,123 sqft building was previously owned by Tishman Speyer, according to media reports.
Tishman Speyer paid former owner Heitman around $100m for the asset in 2014.
CBRE GI said the property is near the I-680 Freeway and views of Mount Diablo.
![Heitman [Real Estate - North America]](https://d15duu1h3gsd2d.cloudfront.net/Pictures/100x67fitpad[255]-90/P/Pictures/web/e/k/l/heitman2015logoblue_893149.jpg)
![CBRE Investment Management [Real Estate - North America]](https://d15duu1h3gsd2d.cloudfront.net/Pictures/100x67fitpad[255]-90/P/Pictures/web/t/j/u/cbreimlogohorizoutlcleanedup01green_654324.jpg)
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