(EDITOR’S NOTE: According to public records, the sale closed for $5.25 million on October 19, 2016.)
WALNUT CREEK, Calif. — Armian Group LLC announced the sale of 1820 Bonanza Street in Downtown Walnut Creek to One Planet Ops, Inc., a technology company operating several large businesses in the online home improvement, real estate, and automotive industries.
The off-market purchase by One Planet Ops, Inc. is scheduled to expand the existing 9,474 square foot space at 1820 Bonanza Street, to accommodate for its increasing employee base during tremendous growth. “After contemplating relocating our company within the San Francisco urban core, our organization determined the trajectory within the East Bay, specifically Walnut Creek, was a superior move for us. For so many positive reasons, we decided to locate here for the continuation of leveraging our company’s long term advantage,” stated Payam Zamani, One Planet Ops CEO.
The employment talent, relative lower housing costs, convenience to transportation, affable lifestyle, along with the foreseeable expansion planned for Walnut Creek, all factored into One Planet Ops decision to relocate its US headquarters in Downtown Walnut Creek.
Managing Broker, Saul Armian represented the transaction for One Planet Ops. The building had been owned, occupied, and operated by real estate law firm, Horner & Singer, LLP. “Saul is a consummate professional. Once our partners realized we were working with someone of his caliber, it immediately placed us at ease with the sales process. We may not have considered that decision, had it been with someone else,” stated Scott Singer, Esq.
The move by One Planet Ops is just one of several high profile entries recently by world class retailers and corporations into Walnut Creek. City Leaders welcomed the tech company’s decision to relocate to their City. In addition to the company’s online operations, which include Contractors.com and MerchantCircle, One Planet Ops will be operating its seed and early-stage startup incubator from its space, providing entrepreneurs the resources and mentorship to develop their ideas. “Growing our local economy, and the well-paying jobs that come with that, is key to our success,” said Walnut Creek Mayor Loella Haskew. “We welcome One Planet Ops, Inc. to Walnut Creek and are absolutely thrilled to have them located here as part of our thriving community.”
About Armian Group LLC
Armian Group LLC is a real estate agency specializing in the sale, marketing, leasing, and management of commercial properties. Based in Walnut Creek, with over 30 years of brokerage experience, the agency works advising tenants, owners, and developers on market data and best practices. Clients like Fidelity Investments, Bill Graham Archives, Avast Software, AVG Technologies, Pinterest, Fairmont Hotel and Resorts, and Bank of the West have benefited from the agencies dedication to excellence with its grounded counsel and fiduciary representation.