The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 3, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Overton Moore Properties Spends $13.5 Mil on Silicon Valley Office/R&D Asset


Overton Moore Properties paid $13.5 mil for Concourse Tech Park, a 110.1k sf ($123/sf), office/R&D building in San Jose. The property, located at 1953-1965 Concourse Drive, was sold by an unnamed family investment entity.

The property is currently 10% leased, providing a significant value-add opportunity with a leasing upside. Boasting impressive clear heights, two loading docks, eight at-grade roll-up doors, substantial power and ample parking, Concourse Tech Park can appeal to a wide set of users. Additionally, the property is situated just two miles from Milpitas’ Great Mall as well as an abundance of other retail amenities and housing communities.

Steven Golubchik, Edmund Najera, Seth McKinnon, Darren Hollak and Jack Phipps with Newmark represented both parties in the transaction.

“Concourse Tech Park is ideally located within proximity to some of the world’s most prominent technology companies and within direct access to the 680 and 880 Freeways as well as the recently completed Milpitas BART station,” said Najera.

While leasing activity has been subdued during the pandemic, capital markets interest is still high, according to Newmark Research. Companies are ready to invest in the Silicon Valley for the long term. As the economy begins to recover, the Silicon Valley area is anticipated to recover faster than other urban markets.

Return to the Archive page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media