NorCal Pension Plan Picks Up Concord Office

Glendale-based American Realty Advisors (on behalf of UFCW-Northern California Joint Pension Plan) just scooped up 1001 Galaxy Way, a Class-A, 77k SF office building in Concord. With the purchase of the 30% leased building, the pension now owns both buildings of the two-building campus. CBRE's Jeff Birnbaum, who brokered the deal, says there are big improvements planned for the building, which will help marketing and leasing efforts.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

DivcoWest Sells Glendale Office Building For $70M

Stanford Pursuing $100M Fund For A 2M SF Expansion

Daniel Negari Buys Downtown LA Hotel For $34M

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

California Emerging As Data Center Fallback Market Amid Nationwide Opposition

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Chapman Market Owners Get $29M Refinance: The Los Angeles Deal Sheet

Lineage Suing Solar Company Altus Power Over Boyle Heights Warehouse Fire