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Burlingame sites are grabbed by developer, could become big campus


BURLINGAME — A shopping spree for Burlingame properties now tops $100 million and has enabled a big-time Bay Area developer to assemble a large chunk of land along the Peninsula bayfront.

In the most recent burst of purchases, DivcoWest paid $53.1 million for six parcels on Old Bayshore Highway in Burlingame, documents filed on March 16 with the San Mateo County Recorder’s Office show.

Yet these are only DivcoWest’s most recent slew of deals on this stretch of Old Bayshore, according to this news organization’s review of the county property records.

Prior to this month’s purchases, DivcoWest spent $55.7 million over a period from August 2021 through January 2022 buying sites next to the just-bought parcels.

A building at 1300 Old Bayshore Highway whose tenants include Caribbean Gardens bar and Se Como Asi Taqueria. 

That brings the total value of the DivcoWest land deals along Old Bayshore Highway in Burlingame to $108.8 million, according to the property records.

DivcoWest wove together the properties into a contiguous set of parcels that gives DivcoWest control over roughly 15 acres, based on information culled from county assessment maps.

The sites occupy a half-mile stretch next to Old Bayshore Highway and the nearby bayfront.

Among the prominent businesses on the sites that DivcoWest purchased over an eight-month period: Max’s of Burlingame restaurant, Holiday Inn Express San Francisco Airport, Caribbean Gardens bar and Se Como Asi Taqueria.

Some office buildings, surface parking lots and some vacant parcels also occupy the sites now owned by DivcoWest.

Max’s of Burlingame restaurant (right) and Holiday Inn Express (center) at 1250 Old Bayshore Highway in Burlingame. 

The deals are a reminder that major real estate players and tech titans hunger for properties in San Mateo County as well as sites in the Silicon Valley digital hubs in Santa Clara County.

DivcoWest has become an active player in Santa Clara County, San Mateo County and Alameda County.

On Jan. 7, the company paid $164.5 million for an office building in South San Francisco. On Dec. 16, DivcoWest bought an office building in Fremont’s Ardenwood district for $72.2 million.

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