NKF Closes Sale of 15-Story East Bay Office Asset
ByA joint venture of Swift Real Estate Partners, GEM Realty Capital and Flynn Properties has sold One Concord Center, a Class A, 358,589-square-foot office tower and nine-story parking structure in Concord, Calif. NKF represented the sellers in the transaction.
“One Concord Center sits right on BART with a dense amenity base and more than 1,000 residential units along with retail space currently under construction in the immediate location,” Steven Golubchik, Newmark Cornish & Carey’s vice chairman and co-head of Northern California Capital Markets, told Commercial Property Executive. “There is a big push from tenants migrating along BART to three major locations including Oakland, Walnut Creek and Concord.”
According to Golubchik, the new buyers are likely upgrading the building’s plaza areas and lobby…
