Graham Street Realty Acquires Concord Office Building for $8.55MM

Graham Street Realty, Concord, East Bay, Bay Area, San Francisco, GSR, Willows Office Park, Contra Costa County, HFF

Graham Street Realty, Concord, East Bay, Bay Area, San Francisco, GSR, Willows Office Park, Contra Costa County, HFFSAN FRANCISCO — Graham Street Realty (GSR) has acquired Willows Office Park in Concord, CA from seller and occupant Contra Costa County Employees’ Retirement Association (CCCERA) for $8.55 million. David Dokko of HFF represented the seller in the transaction.

Located near two freeways and abundant retail, Willows is a two-story, 84,715-square-foot, multi-tenant office building on a 4.9-acre parcel located at 1355 Willow Way. Built in 1979, the building has a diversified tenant mix, including companies in the financial services, government, insurance, and legal industries. The property was 93% leased to 14 tenants at the time of sale.

“Willows is a great asset which basically comprises its own asset class in Concord due to its attractive campus setting and location,” said David Messing, principal of Graham Street Realty. “We are excited to acquire this well-located property with strong tenants at a fraction of replacement cost. Between the existing Willows Shopping Center across the street and the CenterCal development that will be soon underway, we will have the best-amenitized office property in Concord.”

Willows features large, flexible floor plates that can accommodate a variety of tenants. Easy accessibility to I-680 and Highway 242 makes the property ideal for tenants commuting from multiple directions. The Concord BART station is two miles away.

For more information, please contact David Messing at 415.539.0097 or david@grahamstrealty.com

About Graham Street Realty
Graham Street Realty (GSR) is a commercial real estate investment company focused on the San Francisco Bay Area and an affiliated company of San Francisco-based real estate investment company Hamilton Zanze. GSR currently owns and operates five office buildings comprising over 313,000 square feet in the San Francisco Bay Area.

West Coast Commercial Real Estate News