Newmark has announced the sale of One Concord Center, a class A, 358,589-square-foot office tower and nine-story parking structure located at 2300 Clayton Road in Concord, CA. The premier 15-story office building is strategically located adjacent to the Concord BART station in a rapidly transforming submarket.
Newmark’s Steven Golubchik, Grant Lammersen, and Tim Walling represented the sellers Swift Real Estate Partners, GEM Realty Capital, and Flynn Properties. Newmark’s Breck Lutz, who has been handling property leasing since 1986, also assisted on the sale.
One Concord Center is leased to approximately 50 tenants, which represent a wide spectrum of industries including healthcare, insurance, construction, and legal services. Concord is experiencing significant office demand from tenants looking for access to mass transit, abundant retail, and a lower cost alternative. In addition, there are more than 1,400 multifamily units currently proposed, recently constructed or completed within a mile of the property.
“As the most cost-effective transit-served market in the Bay area, Concord is seeing numerous tenants migrate from Walnut Creek, Oakland, and San Francisco,” said Steven Golubchik.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark, one of the world’s leading commercial real estate advisory firms. Regionally, Newmark Cornish & Carey has more than 280 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.newmarkccarey.com.
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.