Commercial Property in Marin County to be Converted into Affordable Homes

SAN FRANCISCO, Aug. 21, 2025 /PRNewswire/ -- San Francisco-based commercial real estate investment firm Graham Street Realty (GSR), an affiliate of Hamilton Zanze, today announced it has sold Hunt Plaza, a 1.57-acre, 68,456-square-foot commercial property in Corte Madera, Calif. The transaction closed on Aug. 14.

GSR sponsored the acquisition of Hunt Plaza, which sits 10 miles north of the Golden Gate Bridge, in December 2021. The buyer plans to convert the property into an affordable multifamily community featuring 99 homes.

"At the time of purchase, we envisioned investing significant capital into Hunt Plaza to modernize the building and stabilize the rent roll through long-term, market-rate leases with both new and existing tenants," said Andrew Mustin, Director of Asset Management at GSR. "However, when a buyer emerged with the ability to fully leverage current housing element opportunities, we shifted our strategy. We're excited to see new affordable housing take shape at 240 Tamal Vista."

Paramount Property Co., an Oakland, Calif.-based GSR affiliate, managed Hunt Plaza during GSR's sponsored ownership of the asset. 

Located just west of Highway 101 (Redwood Highway) near the intersection of Lucky Drive and Fifer Street, Hunt Plaza provides convenient access to Marin County's vast transit network, which connects to the key employment centers in San Francisco and the North Bay Area. That includes Interstate 580, three ferry terminals, several bus service providers, Sonoma Marin Area Rail Transit (SMART) and numerous biking trails.

About Graham Street Realty
Graham Street Realty (GSR) is a private, San Francisco-based commercial real estate investment firm founded in 2007. Since that time, GSR has sponsored the acquisition of over $485 million in office and industrial assets. Since its founding, the firm's focus has been on value-add investment in the multi-tenant office and industrial building market. To learn more, visit www.grahamstreetrealty.com.

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SOURCE Graham Street Realty