CONCORD, CA—Transwestern has brokered a long-term lease for nearly 16,000 square feet in Concord Gateway, a transaction that will bring Coldwell Banker's Northern California residential real estate headquarters from San Ramon to Concord. The move from the Bishop Ranch Business Park to Concord Gateway puts the office in closer proximity to the many Coldwell Banker employees who live in eastern Contra Costa County.
Transwestern and its client, Sierra Pacific Properties, which developed the 600,000-square-foot office complex on Gateway Boulevard 25 years ago, spent nearly a year in negotiations with Coldwell Banker.
“This was a remarkable development,” said Transwestern senior VP Scott Ellis, lead broker on the transaction. “The Bishop Ranch Business Park is a prestigious place. Bishop Ranch also fought hard to keep its tenant. But Sierra Pacific Properties patiently worked through several different proposals to allow Coldwell Banker to build space in a new location.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
