Cornish & Carey Commercial Newmark (C&CCNewmark) today announced NBA World Champion and Admiral Capital Group (Admiral) co-Founder David Robinson will host an open house to introduce local real estate brokers to a transit-oriented, 75,000-square-foot, premier headquarters building lease opportunity. Located at 4500 Great America Parkway inside the Golden Triangle of Highways 101, 237 and 880 in Santa Clara, Calif., the stand-alone office building is within walking distance of the future San Francisco 49ers stadium and VTA light rail station.
Co-founded in 2007 by Robinson and Daniel Bassichis, Admiral generously pledges 10% of the firm’s profits to philanthropic causes in the communities where it invests, building on Robinson’s lifetime commitment to support education and lower income communities.
“We are excited to introduce 4500 Great America to the Silicon Valley marketplace,” said Robinson. “It has been a pleasure working with USAA and South Bay on the transformation of this building into a premium, well-managed and accessible home for a local company in this vibrant market.”
Admiral purchased 4500 Great America in December of 2012, and formed a joint venture with Silicon Valley-based South Bay Development Co. in June of 2013 to recapitalize and renovate the property. Extensive exterior and interior improvements are now complete, and outdoor collaboration spaces have been built into new landscaping features.
C&CCNewmark’s Todd Shaffer, managing director, together with Mike Saign, vice president, represent Admiral and South Bay Development Co. in the lease offering.
4500 Great America is Admiral’s first venture into Northern California. San Antonio-based Admiral, in partnership with USAA Real Estate Company, currently manages over $250 million of assets.
“Admiral continues to identify value-add opportunities through equity and debt investments in office, hotel, multi-family and retail properties valued between $15 million and $50 million in major markets nationally,” said Bassichis. “We are extremely pleased with our first foray into Bay Area real estate, and anticipate sourcing and securing new opportunities with operating partners in the area. We are eager to grow our business here.”
A graduate of the U.S. Naval Academy, Robinson is a ten-time NBA All Star, two-time NBA World Champion, two-time Olympic gold medalist and basketball Hall of Famer. He has a 25-year history of charitable work and in 2001 notably opened the Carver Academy, a high performing grade school in an area of high need in San Antonio and which recently joined the IDEA Public Schools network of charter schools.
About Admiral Capital Group
Admiral Capital Group was founded by David Robinson, philanthropist and NBA Hall of Famer, and Daniel Bassichis, formerly of Goldman Sachs. Admiral, in partnership with USAA Real Estate Company, formed the Admiral Capital Real Estate Fund to identify value-add opportunities through equity and debt investments in office, hotel, multi-family and retail properties valued between $15 million and $50 million. The Admiral founders have also pledged 10% of their profits to philanthropic causes in areas where the fund invests, building on Robinson’s lifetime commitment to support education and lower income communities. For more information, visit www.admiralcg.com.
About Cornish & Carey Commercial Newmark
A dominant regional real estate force since 1935, Cornish & Carey Commercial Newmark has an expansive reach as part of one of the largest commercial real estate service firms in the U.S. Regionally, Cornish & Carey Commercial Newmark has more than 310 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.ccareynkf.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 320 offices in established and emerging property markets on five continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.