DJM Capital Partners has signed a 20-year lease with Contra Costa County at its Ellinwood Corporate Center office complex in Pleasant Hill, Calif., according to an announcement today.
The value of the 20-year lease agreement was not disclosed.
Ellinwood Corporate Center comprises 140,000 square feet.
DJM said it will immediately begin a $16.5 million “turn-key” tenant improvement program for the three-building office campus to meet the specific requirements of the county’s Employee Human Services Division. The improvements include reconfiguring and rebuilding all interior spaces as well as upgrading building systems to state-of-art standards.
Ellinwood Corporate Center, at 300, 400 and 500 Ellinwood Way, is comprised of three, three-story buildings situated on 9.5 acres set around a large lake. It is located in the heart of a master-planned community that offers visibility and access to the I-680 as well as a host of amenities from restaurants, retail and housing to hiking trails, parks and lakes and is also home to JFK University.
The center offers a lovely campus atmosphere with abundant mature redwood trees, large landscaped open areas with seating, fountains and colorful beds of shrubs and flowers.
DJM acquired the vacant, former Bank of America complex, in October 2006 from American Financial Realty Trust, which had previously positioned the property for sale as a residential development.
DJM was represented in the lease transaction by Ed Del Beccaro, Scott Ellis and Trigger Reital of Colliers International, Walnut Creek, Calif. The county represented itself.
DJM Capital Partners is a San Jose, Calif.-based private equity real estate investment group.