Retail Brokerage Buys Building, Plans Move

CAMPBELL, CA-Michael Messinger, owner of the largest retail brokerage firm in Silicon Valley, has purchased a 9,400-sf office building here for nearly $2.3 million. Sevgard Partners was the seller of the one-story building is located at 2165 South Bascom Ave.Messinger tells GlobeSt.com he will move his 14-broker firm Meacham/Oppenheimer Inc. into just under half of the building this fall, when tenant improvements are complete. The remainder of the building is leased to Access Bank Mortgage.Having closed down its Pleasanton office in January, Meacham/Oppenheimer is currently squeezed into 2,800 sf of leased space at 419 E. Hamilton Ave. in Campbell. The lease for the space was not coming due; however, Messinger says the lease is being torn up because Meacham/Oppenheimer’s existing next-door neighbor is expanding into the space.”It took me a year to find the right building; there’s not much on the market,” says Messinger, who represented himself in the acquisition. Roxana Baker with Grubb & Ellis in San Jose represented the seller.