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.”
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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