Overton Moore Picks Up Second Bay Area Value-Add Asset
Concourse Tech Park, a 110,148-square-foot office and R&D building in San Jose, traded hands for $13.5 million. The buyer was Overton Moore Properties, while an unnamed private, family divested the property.
Overton Moore Properties’ Will McPhee says, “We are delighted about the Concourse Drive acquisition. This is our second value-add opportunity in the Bay Area this year.”
Located at 1953-1965 Concourse Dr., the highly flexible property is currently 10% leased providing a significant value-add opportunity with a leasing upside. Concourse Tech Park boasts ample clear heights, two loading docks, eight at-grade roll-up doors, substantial power and ample parking.
Newmark’s Steven Golubchik, Edmund Najera, Seth McKinnon, Darren Hollak and Jack Phipps represented the seller, as well as the buyer.
Najera says, “Concourse Tech Park is ideally located within proximity to some of the world’s most prominent technology companies and within direct access to the 680 and 880 Freeways as well as the recently completed Milpitas BART station.”
Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services.
In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company.
In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix.
Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator.
Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.
Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.