{"id":1004186657,"date":"2017-08-10T02:55:08","date_gmt":"2017-08-10T10:55:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004186657"},"modified":"2022-12-08T12:57:30","modified_gmt":"2022-12-08T20:57:30","slug":"nkf-closes-sale-of-15-story-east-bay-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-closes-sale-of-15-story-east-bay-office-asset\/","title":{"rendered":"NKF Closes Sale of 15-Story East Bay Office Asset"},"content":{"rendered":"

by Keith Loria<\/em><\/p>\n

\"One<\/a>

One Concord Center in Concord, Calif.<\/p><\/div>\n

A 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.<\/p>\n

\u201cOne Concord Center sits right on BART with a\u00a0dense amenity base and more than 1,000 residential units along with retail space currently under construction in the immediate location,\u201d <\/em>Steven Golubchik, Newmark Cornish & Carey\u2019s vice chairman and co-head of Northern California Capital Markets, told Commercial Property Executive. \u201cThere is a big push from tenants migrating along BART to three major locations including Oakland, Walnut Creek and Concord.\u201d<\/em><\/p>\n

According to Golubchik, the new buyers are likely upgrading the building\u2019s plaza areas and lobby.<\/p>\n

Thriving transit-oriented location<\/h2>\n

Located at 2300 Clayton Road, the 15-story office building is strategically located adjacent to the Concord BART station in a rapidly transforming submarket. Additionally, there are more than 1,400 multifamily units currently proposed, recently constructed or completed within a mile of the property.<\/p>\n

On-site amenities include a fitness facility, showers\/lockers, full-service deli, large conference center and an ATM machine. The building is served by six high-speed passenger elevators, a separate oversized freight elevator, and loading dock (dock high).<\/p>\n

One Concord Center has a tenant roster of about 50 tenants, including Hartford Steamboiler, United Health Care, Progressive Insurance, Sutter Health, Swinerton, Cardno Entrix, URS, Philadelphia Insurance, and Towill.<\/p>\n

\u201cAs the most cost-effective transit-served market in the Bay Area, Concord<\/a> is seeing numerous tenants migrate from Walnut Creek, Oakland, and San Francisco,\u201d <\/em>Golubchik said.<\/p>\n

It offers easy access to Interstate 680 and Highway 242 with close proximity to Highway 4, and is within walking distance of numerous amenities including restaurants, services and hotels.<\/p>\n

Along with Golubchik, Grant Lammersen and\u00a0Tim Walling\u00a0represented the sellers. NKF\u2019s\u00a0Breck Lutz, who has been handling property leasing since 1986, also assisted on the sale.<\/p>\n

Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Situated in a prime transit-oriented location, the Class A tower is located in a rapidly transforming submarket, adjacent to the Concord BART station.<\/p>\n","protected":false},"author":451,"featured_media":1004186661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21783,21742,21747,1609,15],"tags":[37186,37185,34208],"class_list":["post-1004186657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-investment","category-latest","category-office","category-san-francisco","category-west","tag-flynn-properties","tag-gem-realty-capital","tag-swift-real-estate-partners"],"acf":[],"yoast_head":"\nNKF Closes Sale of 15-Story East Bay Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-sale-of-15-story-east-bay-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NKF Closes Sale of 15-Story East Bay Office Asset\" \/>\n<meta property=\"og:description\" content=\"Situated in a prime transit-oriented location, the Class A tower is located in a rapidly transforming submarket, adjacent to the Concord BART station.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-sale-of-15-story-east-bay-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-10T10:55:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T20:57:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/One-Concord-Center-in-Concord-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-sale-of-15-story-east-bay-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nkf-closes-sale-of-15-story-east-bay-office-asset\/\",\"name\":\"NKF Closes Sale of 15-Story East Bay Office Asset - 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