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Harbert Trades Two-Building Concord Office Campus
Newmark arranged the sale of Concord Corporate Centre, a two-building corporate campus spanning 346,731 square feet in San Francisco’s East Bay area. The purchase price was not disclosed.
Steven Golubchik, executive vice chairman and president, Western Region Capital Markets; vice chairman Edmund Najera, senior managing director Jonathan Schaefler and director Darren Hollak represented the seller, Harbert Management Corporation. The buyer was Sierra Pacific, which plans on adding updated amenities and renovating the common areas.
Located at 1320 and 1390 Willow Pass Rd., the property was 73% leased at the time of sale, with nearly 160,000 square feet leased since 2020.
“Concord Corporate Centre offers investors a unique opportunity to acquire a strategically positioned asset in Concord, fortified by a robust existing rent roll that provides resilient cash flow,” said Golubchik. “There is significant upside potential through tenant renewals and the lease-up of existing vacancies.”
