Sequoia Realty Services Expands Portfolio

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Property management increases by 96,000 square feet in Q3 2010.

Sequoia Realty Services, a full-service real estate company serving the Peninsula with an expansive portfolio of office, retail, industrial and residential properties, announced on Friday that it had expanded its existing property management accounts by nearly 100,000 square feet during its third quarter operations.

The first asset acquired is located on Middlefield Road in Redwood City. The family trust which owns this 71,000 square foot industrial/office project retained Sequoia Realty Services to perform construction management, property management and leasing efforts.

The second asset is located in Downtown Mountain View. An out-of-town property owner will rely heavily on Sequoia Realty Services’ construction management and property management expertise to spearhead an 8,600 square foot façade remodel and re-tenanting program commencing in the fourth quarter.

The third asset is located in Downtown Palo Alto. Leveraging a close business relationship with W. L. Butler Construction, Inc., Sequoia Realty Services was able to secure a contract with US Trust to provide a seamless transition from construction to occupancy of a recently completed 15,000 square foot Class A office building.

“The addition of these three new properties enables us to strengthen our geographically focused portfolio within Santa Clara and San Mateo Counties,” said Jeff Badstubner, Vice President of Sequoia Realty Services. “They are all located right in our own backyard; thereby increasing our visibility within the Lower Peninsula region and allowing us to demonstrate our ability to manage all aspects from start to finish with the assistance of our strategic partners.”

About Sequoia Realty Services
Sequoia Realty Services provides its clients with a comprehensive, one-stop solution focusing on all aspects of the evolving commercial and residential markets. SRS is a full-service real estate company empowered with a depth of industry knowledge, experience and relationship networks. Our unique array of services includes market analysis, sales, leasing, partnership collaboration, construction management and property management. More information is available at http://www.sequoiarealtyservices.com.

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Jeff Badstubner
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