DivcoWest Completes Purchase of Transit-Oriented San Mateo Office Building

SAN MATEO, CALIF. – April 24, 2017 –DivcoWest has completed the purchase of 101 S. Ellsworth, a Class A office building viewed as a best in class asset in the heart of a supply constrained downtown San Mateo market.

Situated just one block from downtown San Mateo’s Caltrain station, the 88,000 square foot, six-story building sits in a walkable neighborhood surrounded by many retail and restaurant amenities. Close proximity to Caltrain service and easy access to several freeways puts employees of tenants in the building just 25 minutes from San Francisco and residential locations throughout Silicon Valley.

101 S. Ellsworth has averaged 99 percent occupancy over the last 10 years and is one of only five Class A office buildings in San Mateo’s downtown core offering more than 80,000 s.f. of space.