Concord, CA (December 18, 2017) — San Francisco-based Long Market Property Partners, LLC today announced the $8.7 million purchase of Civic Executive Park at 1470 Civic Court in Concord, CA. A private seller sold the property to Long Market through Beckett Capital.
“The acquisition of Civic Executive Park was a unique opportunity to acquire a well-located Class B office building in a City on the verge of major growth over the next ten plus years. The property has been well kept by the prior owners, but also has the potential for cosmetic upgrades that will solidify this asset as one of the best Class B buildings in the market.” said Justin Shapiro of Long Market Property Partners. “
Comprised of more than 51,000 square feet of office space on 3 floors, Civic Executive Park, is centrally located off of three major highway arterials and is close to amenities such as Todos Santos Plaza, Sun Valley Mall, Willows Shopping Center and the recently developed Veranda mixed use retail project.
The purchase of 1470 Civic Court marks the second acquisition Long Market Property Partners has recently been associated with in Concord, having also purchased the retail Shops at Todos Santos through a separate affiliate in late 2016.
About Long Market Property Partners, LLC
Long Market Property Partners is a privately held real estate company that takes a hands-on approach to owning and operating real estate. We seek investments that allow us to leverage our experience in leasing, property management, capital improvements and tenant relationships to mitigate risk and deliver exceptional returns to investors. The principals of Long Market have a track record acquiring and repositioning office and retail assets across multiple west coast markets and bring a thoughtful blend of
both institutional and entrepreneurial strategies to each investment.
Beckett Capital is a boutique commercial real estate services firm specializing in urban redevelopment and repositioning opportunities in the San Francisco Bay Area. It concentrates on disposition and acquisition strategies for clients that focus on ground-up residential, mixed-use, hotel and office product.