Newmark Completes Sale of Livermore Shallow-Bay Industrial Portfolio

Image credit to Todd Quam of Digital Sky Aerial Imaging

January 9, 2026 9:00 AM

Newmark announces the Company has arranged the sale of the Altamont Shallow Bay Industrial Portfolio in Livermore, California. Overton Moore Properties acquired the property for an undisclosed price.

Newmark Executive Vice Chairman and President, Western Region Capital Markets Steven Golubchik, Vice Chairman Edmund Najera, Managing Director Darren Hollak and Associate Director Brendan Raney represented the seller, Principal Real Estate, in the transaction.

“As investors navigate tariff-related market dynamics and a constrained development pipeline, shallow-bay assets have been the square focus of institutional industrial capital,” said Golubchik. “Our marketing process of this portfolio yielded a deep buyer pool of qualified institutional investors, and we are pleased to deliver an exceptional outcome for both Principal Real Estate and Overton Moore Properties.”

Located at 7650 and 7888 Marathon Drive, the portfolio is comprised of two buildings totaling 241,213 square feet. The property is 100% leased to 13 tenants spanning a wide range of industries, and features above-market dock door counts, 26-foot clear heights and ample power. The Altamont Shallow Bay Industrial Portfolio is situated within the heart of the East Bay, providing access to 2.8 million people within Alameda and Contra Costa Counties as well as convenient access to the 5-Freeway, allowing for distribution optionality.

As the largest city in the Tri-Valley with a population of about 90,000 people, Livermore combines a small-town charm with modern amenities. The presence of the Lawrence Livermore National Laboratory and Sandia National Laboratory highlights Livermore’s role as a technological hub, contributing to scientific advancements and employing a significant portion of the local workforce.

The Tri-Valley industrial market features 20.2 million square feet, with a vacancy rate of 8.4%, according to Newmark Research. Over the past 10 years, Livermore has averaged 4.4% vacancy and currently has no square feet of new product under construction.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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