Hines, Oaktree JV Sells Bay Area Office Campus for $111M; asset previously traded in 2018 for $211 million

  • 5/22/2025

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A joint venture between Hines and a subsidiary of real estate funds managed by Oaktree Capital Management has sold Ygnacio Center, a 529,612-square-foot office campus in Walnut Creek, Calif., for $111 million, according to The Registry.

Hall Equities Group acquired the asset, Contra Costa County public records show. The buyer took out a $46.5 million loan from Farmers & Merchants Bank of Central California.

Hines
Drew Huffman | Senior Managing Director, Head of U.S. West
Hines
Paul Twardowski | Senior Managing Director-California/Nevada
Oaktree Capital Management (NYSE: OAK-A)
John Brady | Portfolio Manager and Global Head of Real Estate

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