**Hall Equities Acquires Ygnacio Center in Walnut Creek at Nearly Half Its 2018 Sale Price**
Hall Equities Group, headquartered in Walnut Creek, has acquired the Ygnacio Center, a three-building, 526,155-square-foot Class A office complex located in Walnut Creek, California. The acquisition price was approximately $111 million, which equates to around $210 per square foot—representing a 47% decrease from the $210 million previously paid in 2018 by Hines and Oaktree Capital Management.
The Ygnacio Center, located at 2033 N. Main Street directly across from the Walnut Creek BART station, has been on the market since November. Cushman & Wakefield managed the sales listing.
This marks Hall Equities Group’s first major acquisition of an institutional asset at this scale, according to the San Francisco Business Times.
The transaction is part of a broader trend of activity in the Walnut Creek office market. Earlier this month, Peninsula Land & Capital purchased a 210,000-square-foot Class A office property at 3003 Oak Road for $22.5 million. Additionally, Clarion Partners sold The Plaza at Walnut Creek last year for $162 million.
