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May 02, 2019

50-acre site in Vacaville's Lagoon Valley Park approved for Class A office development

Ascend @ Lagoon Valley, LLC, a Washington limited liability company affiliated with Triad Development based in Seattle, has received approval for a 700,000 to 840,000 square foot, Class A office development project in Lagoon Valley. The development site is located along Interstate 80 on Lagoon Valley Road in Vacaville, California, 51 miles from downtown San Francisco.

The project will consist of six, four-story buildings and feature a 30,000 square foot amenities building with a fitness center, food, and recreation. An amphitheater, sports courts, and field space are planned outdoor amenities, and there will be a transit center with shuttle to Vacaville's Capitol Corridor Amtrak station. The surrounding 1,200 acres of protected open space includes the 470-acre Lagoon Valley Park and 100-acre lake, plus an adjacent 8-acre public park. The land adjacent to the development is entitled for residential development.

Vacaville is considered one of the safest cities of its size in California. It has excellent schools, a charming downtown, and is only 30 minutes from recreational Lake Berryessa. It also has convenient access to several major airports, and the Genentech site in Vacaville is one of the largest biotechnology manufacturing plants in the world.

Ascend @ Lagoon Valley's prime location will give employers access to a large pool of educated labor from UC Davis, UC Berkeley, UOP, Sacramento State, and Sonoma State, and the cost of available local housing is significantly lower than the surrounding Bay Area.

"Ascend provides a unique opportunity for an employer to attract employees and grow their business while providing employees with an unprecedented live, work, play environment," said Sandy Rodriguez, an associate vice president with Kidder Mathews.

Ascend @ Lagoon Valley, LLC has selected Kidder Mathews commercial real estate brokers, James Lees, Sandy Rodriguez, Max Sander, and Skip Whitney, as the leasing agents for Ascend @ Lagoon Valley.

About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with 800 real estate professionals and staff in 22 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $9 billion in transactions, manages over 51 million square feet of space, and conducts over 1,600 appraisals annually. For more information, visit kiddermathews.com.

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