TIC investors buy S.F. East Bay offices

Triple Net Properties facilitated the sale of Britannia Business Center II & III in Pleasanton, Calif.

The value of the transaction was not disclosed.

Tenant-in-common investors purchased the properties from Slough Estates.

Britannia Business Center II is a 276,210-square-foot property consisting of three office buildings. Britannia Business Center III is a 191,009-square-foot property consisting of three office buildings. The two properties are part of the 10 building Britannia Business Center.

At the time of sale, Britannia Business Center II was 94 percent leased by four tenants and Britannia Business Center III was 94 percent leased by nine major tenants.

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