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Silicon Valley investor buys DPR Construction headquarters for $32.25 million

Mountain View-based Rees Properties Inc. snapped up the DPR Construction’s headquarters building in Redwood City for $32.25 or about $608 per square foot. The seller in the deal, Griffin Capital Co., based in El Segundo, bought the property in 2007 for $24 million, according to property records. DPR built the 53,000 square-foot building on a 1.8 acre-site at 1450 Veterans Blvd. in 2000 and has a lease to fully occupy it through 2022. The building is in downtown Redwood City about a mile from Caltrain. Trending…

Article by Blanca Torres (c) San Francisco Business News - Local San Francisco News | The San Francisco Business Times - Read full story here.