Concord Companies Buys its Beverly Hills HQ Building

Real estate investment firm Concord Companies has acquired a 21,500-square-foot office building in a $17.5 million transaction. The property, located on Beverly Drive in Beverly Hills, CA, already serves as the company’s headquarters, and Concord will now purchase the asset as part of its growth plan.

The building is currently 78% leased, with Concord occupying the majority of the building, primarily on the ground floor of the three-story property. The company plans an extensive renovation and modernization by updating and enhancing the two upper floors and maximizing rooftop usage and outdoor meeting space. 

“Concord’s vision is to have tactical jurisdiction over our own building, which better allows for continued growth across all facets of our operations,” said Concord CEO Reuben Robin. “Our objective is to have a collection of like-minded tenants that complement each other, creating a beneficial environment for everyone.”