PacTen Partners

Glendale Plaza

Glendale Plaza Overview

PacTen Partners’ notable success includes Glendale Plaza, a 530,000 square foot high-rise office development, located in the central business district of Glendale, California. Constructed on time and on budget, Glendale plaza was the first speculative office project to break ground in Southern California in over ten years. Since the grand opening of the building in April 1999, 98% occupancy has been achieved. Tenants include UNUM Provident, Great West Life Insurance, State Compensation Insurance Fund, CALPERS, REGUS Business Centers, and Hispanic Broadcasting Corp. This unparalleled leasing velocity is attributable to Glendale Plaza’s timeless design, efficient floor design, and superior identity. PacTen Partners’ foresight in equipping the building with a state of the art communication system was instrumental in giving the building a competitive design attracting quality tenants and testimonial to their ability to recognize market trends and deliver office product that responds to the demands of office users.
 

Valencia Corporate Point

Valencia Corporate Point Overview

One of PacTen Partners’ projects is Valencia Corporate Point, a low rise, campus style office development of about 180,000 square feet on a 10acre site at the northwest corner of the I-5 and 126 Freeway in Valencia, California.

Valencia Corporate Point was a speculative office project, designed to meet a demand for cost effective office alternatives for companies formerly located in the San Fernando Valley, Tri-Cities or West Los Angeles. Construction was completed in August 1999. The development consists of three, two story buildings of 62,400 gross square feet each, and also includes over 680 on-site surface parking spaces.

Commerce Pointe

PacTen Partners is currently developing Commerce Pointe at Valencia Gateway. A 540,000 square foot industrial project on a 26-acre site at the northwest corner of the I-5 and 126 Freeway in Valencia, California. Commerce Pointe at Valencia Gateway consists of a total of 28 state-of-the art industrial buildings designed primarily for the owner-user. Typically, the buyers of the buildings are independent businesses who are moving out of the San Fernando Valley or from the Valencia Industrial Center in order to house their businesses in modern, efficient facilities that are unavailable in their present locations.

One Ricon Hill Towers

One Ricon Hill Towers Overview
 

Serving as a broker, PacTen Partners – in a joint venture with Urban West Associates of San Diego and CBRE Strategic Partners Investment Fund – brought $53 million in equity and financed $118 million in debt for this one-tower luxury condominium to be called One Rincon Hill.

One Rincon Hill, consisting of two-phases (first, a fifty-five story condominium tower, and, later, an identical though smaller forty-five story tower), will sit at the top of Rincon Hill in the heart of San Francisco’s thriving South Beach – SOMA neighborhoods. One Rincon Hill will be built upon the site that has been locally known as the “Bank of America Clock Tower” and enjoy stunning views of San Francisco, from the Golden Gate Bridge to much of the Bay itself. The parcel of land is located five blocks from the waterfront Embarcadero, bordered by Route-80 to the East, Harrison to the West, Fremont to the North, and First Street to the South. The two slender towers have been designed by Solomon, Cordwell, Buenz, and Associates, the seventy-three year old award winning architecture firm out of Chicago that recently completed Urban West’s highly successful One Embarcadero South project in the South Beach area of San Francisco. Built with an internal structure that will allow for unique floor to ceiling windows, and a variety of condominium configurations, the larger of the towers will have 407,500 saleable square feet and approximately 415 condominium units. The second tower is tentatively planned to consist of 333,500 saleable square feet and approximately 355 luxury condominium units with similar amenities to the first tower. One Rincon Hill will also have a small retail component and a stackable parking garage built that will be utilized as the podium upon which the project is anchored.
 

The following describes the major projects that the partners and executives of PacTen Partners have been involved in:

Other Projects

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