SAN RAFAEL – Sares Regis Group of Northern California was selected to manage the commercial office space in San Rafael known as Marin Commons. The property encompasses two buildings with 456,000 square feet of Class A office space. Space is currently available for occupancy in the 2,000- to 48,000-square-foot range.
The San Mateo-based development company will manage day-to-day operations and leasing as well as explore strategic options to maximize value for the owner. The property was taken back by its lender, Connecticut General Life Insurance Co., in foreclosure last June.
The 315,000-square-foot building at 1600 Los Gamos was built in 1973 and renovated in 1995, and the 141,000-square-foot building at 1650 Los Gamos was built in 1979 and renovated in 2007.