Graham Street Realty Announces Sale of The Redwoods

Firm Oversaw Numerous Improvements to the Flex Industrial Property in the San
Francisco Bay Area

SAN FRANCISCO, March 6, 2025 /PRNewswire/ -- San Francisco-based commercial real estate investment firm Graham Street Realty (GSR), an affiliate of Hamilton Zanze, today announced it has sold The Redwoods, a nine-unit, 57,174-square-foot flex industrial property in Petaluma, Calif. The transaction closed on Feb. 19.

GSR sponsored the acquisition of The Redwoods, which was built in 1988, in December 2021. GSR oversaw a number of improvements to the property, including the resurfacing of the parking lots, the optimization of the fire and life safety systems and the replacement of the roof membrane.

"We are very pleased to complete the disposition of The Redwoods," said Andrew Mustin, Director of Asset Management at GSR. "Over the three-year ownership period, Graham Street Realty performed a number of important upgrades to the property, as well as a speculative suite buildout. These improvements significantly boosted the appeal of the property. Having successfully executed our business plan and increased occupancy from 55% to 94%, we felt it was the right time to transition this unique asset to its next steward."

Paramount Property Co., an Oakland, Calif.-based GSR affiliate, managed The Redwoods during GSR's sponsored ownership of the asset.

Located near the intersection of North McDowell Boulevard and Old Redwood Highway, The Redwoods features 204 parking spaces, five grade-level roll-up doors and clear heights ranging from 17.5 feet to 25 feet. Surrounded by mature redwood trees, the property offers a park-like setting.

About Graham Street Realty
Graham Street Realty (GSR) is a private, San Francisco-based commercial real estate investment firm founded in 2007. Since that time, GSR has sponsored the acquisition of over $485 million in office and industrial assets. Since its founding, the firm's focus has been on value-add investment in the multi-tenant office and industrial building market. To learn more, visit www.grahamstreetrealty.com.

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SOURCE Graham Street Realty