California + Bay Area + Office | June 12, 2023

Newmark completed the sale of San Tomas Business Centre, a business park with office and light industrial/warehousing space located in Santa Clara, CA

Office and Light Industrial Complex Changes Hands in Santa Clara

Newmark completed the sale of San Tomas Business Centre, a business park comprised of office and light industrial/warehousing space and located at 2060-2101, 2110, 2116 and 2118 Walsh Avenue in Santa Clara. The property, which sold for an undisclosed amount to an unidentified buyer, includes nine buildings totaling 79,358 square feet.

Executive vice chairman and president of Western Region capital markets Steven Golubchik, vice chairman Edmund Najera, senior managing director Jonathan Schaefler and director Darren Hollak facilitated the transaction.

“San Tomas Business Centre offered a combination of in-place cash flow and meaningful upside through increasing rents and extending lease terms,” said Golubchik. “The existing mix of office and industrial users have demonstrated commitment to the project, making it a stable income-producing asset.”

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Inside The Story

Newmark's Golubchik

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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