California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Concord’s Sutter Square Sold for $26M
San Ramon, CA-based Meridian Property Co. acquired Sutter Square, a nine-story, 174,689-square-foot office building in Concord, CA from Cranbrook Realty Investment Fund L.P. for $26.2 million. Transwestern’s Scott Ellis, Sade Ghorban and Edward Del Beccaro represented both parties in the transaction.
“Sutter Square is a valuable asset in the Concord market and will be a solid addition to Meridian’s portfolio,” said Ellis. “With the Concord Naval development coming online in the near future, Sutter Square will continue to be a highly sought-after location for various industries.”
Acquired by Cranbrook in 1998, Sutter Square was 78% occupied upon sale. The property is roughly three blocks from the Concord BART station, and within walking distance of numerous restaurants. A notable feature is Sutter Square’s efficient, rectangular floorplates.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


