A Success Story: Gateway Metro Center

Property •

  • A high quality, Class A, 11-story high rise office building, containing
  • 121,462 square feet on 3.73 acres of land


  • Substantially leased property to a diverse tenant base which included financial institutions, insurance providers, accounting firms and other service industries
  • One of the largest urban infill locations in Pasadena
  • Below market rents and staggered lease expirations in a submarket with very low vacancy and no new commercial construction underway
  • Ability to enhance yields with leverage
  • Excess land allowed for future build-out opportunities
  • Worked with the community and City of Pasadena during the General Plan update to enhance the land value, and maximize value
  • Conceptualized potential development opportunities


  • Outstanding location with freeway visibility and access along with Metro Gold Line train station access less than one block away
  • Located on the Foothill Boulevard corridor, an area which has seen vast growth in commercial, retail and housing over the last few years
  • One of the tallest building in all of Pasadena and the only high rise located on Foothill Boulevard
  • Ample land for future development with excellent parking
  • High walkability
  • Accomplished a successful sale with the second highest price achieved in Pasadena the year of the sale

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