San Francisco developer wins $137M bid for Silicon Valley campus

It is not immediately clear how Presidio Bay intends to utilize the property, which also houses a child-care facility and a credit union. Cyrus Sanandaji, the firm’s managing director, did not respond to a request for comment. 

In February, local real estate developer Brad Ehikian — younger brother of Stephen Ehikian, a former Salesforce executive who has been appointed acting administrator of the GSA — submitted an unsolicited offer of $65 million to purchase the campus. Although Stephen recused himself from overseeing the proposal, the bid immediately drew an anonymous complaint to the GSA’s inspector general’s office, accusing Brad of trying to buy federal property at below-market value, according to records reviewed by the Washington Post. The GSA declined the offer. 

Sanandaji worked at the GSA as a contract officer and global project manager from 2009 to 2012 before founding Presidio Bay. According to his LinkedIn profile, he sourced and negotiated more than $400 million in real estate lease transactions for the U.S. government during that tenure.