Graham Street Realty Sells The Willows Office Park in Concord
Graham Street Realty Sells The Willows Office Park in Concord
CONCORD, CA – January 14, 2020 – San Francisco-based commercial real estate investment firm Graham Street Realty (GSR) has sold Willows Office Park in Concord, CA, a suburb just east of San Francisco. The deal closed on December 19th, 2019.
“The sale of Willows was a win for both the buyer and the seller,” said David Messing, co-managing principal of Graham Street Realty. “The buyer seized a unique opportunity within the market that matched with their space and investment needs, and the seller was able to deliver a newly renovated asset with the available space the buyer required.”
The 83,268-square-foot office park is located just two miles from the Bay Area Rapid Transit (BART) light rail, surrounded by significant dining and retail amenities, and one mile from Buchanan Field Airport. The building was purchased by an owner-user in an off-market transaction.
The property was built in 1979 for a single-tenant user. In 1985, the Contra Costa County Employees’ Retirement Association acquired the building and owned and occupied until GSR took over in 2016. During their ownership, GSR updated the building with flexible floor plans that can accommodate 1,000 to 25,000 square-foot tenants.
The Willows is located in the city of Concord in the high-activity submarket of the East Bay that a hub for technological innovation. The Bay Area is home to a highly educated workforce and innovative companies, and with San Francisco tenants continuing to head east in pursuit of cheaper rents, the Easy Bay office markets remains one of the hottest in the country.
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ABOUT GRAHAM STREET REALTY
Graham Street Realty (GSR) is a private, San Francisco-based commercial real estate investment firm with assets in the Western United States. Since its founding in 2007, the firm’s focus has been on value-add investment in the multi-tenant office building market. It currently holds more than 1.1 million square feet of commercial office space. To learn more, visit www.grahamstreetrealty.com.