Sierra Pacific Acquires Concord Corporate Centre Office Campus In $20M Deal

Sierra Pacific has acquired Concord Corporate Centre, a 346,731-square-foot office property located at 1320 and 1390 Willow Pass Road in Concord, San Francisco’s East Bay. The corporate campus was sold for $20 million and was 73% leased at the time of the transaction. Sierra Pacific plans to enhance the amenities and renovate common areas of the property.

Summary of transation details

• Property Type: Office
• Transaction Amount: $20,000,000
• Address: 1320 & 1390 Willow Pass Road
• Market: Concord
• SF: 346,731
• PPSF: $58
• Buyer: Sierra Pacific - Doug Messner
• Seller: Harbert Management Corporation - Raymond Harbert
• Brokers: Darren Hollak, Edmund Najera, Jonathan Schaefler & Steven Golubchik - Newmark

The deal was brokered by Newmark, with Darren Hollak, Edmund Najera, Jonathan Schaefler, and Steven Golubchik representing the transaction. Sierra Pacific's plans to upgrade and revitalize the property reflects their commitment to enhancing the tenant experience and attracting new leasing opportunities. The acquisition of Concord Corporate Centre expands Sierra Pacific's portfolio in the East Bay region.