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Concord Office Tower Sells

Private investors have bought One Concord Center, a 15-story office tower and nine-story parking structure at 2300 Clayton Rd. in Concord, CA.

“As the most cost-effective, transit-served market in the Bay Area, Concord is seeing numerous tenants migrate from Walnut Creek, Oakland, and San Francisco,” said Steven Golubchik, vice chairman and co-head of commercial capital markets for Northern California for Newmark Knight Frank (NKF), which represented the sellers Swift Real Estate Partners, GEM Realty Capital, and Flynn Properties.

Located next to a Bay Area Rapid Transit Station, the center is currently leased to about 50 tenants, including healthcare, insurance, construction, and legal services. Its available listings currently add up to 34,000 square feet of office space, or less than 10% of the 358,589-square-foot building. The price was not disclosed.

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