Bernhard Properties Purchases Pleasanton Building for $5.9MM

Pleasanton, Bay Area, Colliers International Group,

Pleasanton, Bay Area, Colliers International Group,

(EDITOR’S NOTE: According the public documents, the transaction closed on April 28, 2017 for $5,968,000, or roughly $183 per square foot.)

Pleasanton, CA – Michael Donnelly, SIOR and Michael Carrigg, SIOR of Colliers International, represented Bernhard Properties, LLC in their purchase of a 32,594 SF institutional quality office building located in Bernal Corporate Park at 7077 Koll Center Parkway, Pleasanton. Bernal Corporate Park consists of over 1.2M square feet of office space developed by Principal Financial Group. The Park offers superior freeway access, free fitness center, and conference facilities. Its proximity to downtown Pleasanton and nearby driving range and golf course make this a prime location. The new owners are upgrading interior common areas to attract new tenants, with an estimated completion date of second quarter 2017. Jason Chandler, also with Colliers International, represented the Seller, Warren Zee and Marion Zee, husband and wife, and James Tong and Mae Fong Tong, husband and wife, in this recent transaction.

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