Legacy scores Ygnacio office complex in California

Having recently acquired Hamilton Plaza in California’s Silicon Valley, the US investment group has picked up a three-building office complex in the San Francisco Bay Area.

Legacy Partners has acquired the three-building Ygnacio Center in downtown Walnut Creek, California. Financial terms of the deal were not disclosed.

The three-building, 500,000-square-foot Class A office complex comprises three buildings: One Ygnacio Center at 1990 California Boulevard; Two Ygnacio Center at 2033 North Main Street; and Three Ygnacio Center at 2001 North Main Street. The complex also features a fitness center, restaurants and parking amenities.

Renovations to the property include upgraded lobbies, corridors, elevators and new mechanical systems.

Foster City-based Legacy has been active in the California property market with two office buys last month. It acquired the Hamilton Plaza office complex in Silicon Valley for $126 million (€80 million) from California-based real estate investment company Seagate Properties, which had sold the property on behalf of the Ohio State Teachers Retirement System.

It also acquired a 239,274-square-foot office building from technology company Symantec Corp. for $99 million. The property, sitting atop Fox Hills in Culver City, California, is one of two four-story buildings that make up the 550,000-square-foot Symantec Southern California regional campus.