Your Commercial Real Estate Source in the San Francisco Bay Area
By Natalie Dolce
Swift Realty Partners, an investment firm headed by former Equity Office Properties exec Christopher Peatross, has acquired the four-building, 1.1-million-square-foot Bank of America Technology Center in Concord, a source tells GlobeSt.com. The sale, terms of which were undisclosed, is believed to be the largest single office property sold in the San Francisco Bay area in the last three or four years. The property includes buildings of 380,000, 310,000, 210,000 and 200,000 square feet, with Bank of America occupying all of them except the 200,000-square-foot building, which is vacant.
The complex of buildings is known as Concord Technology Center, according to press reports from several years ago that said BofA was in the market to sell the property. Those reports said that BofA was looking to execute a sale-leaseback of the buildings.
Read the rest of the Globe Street article here.
It’s now the middle of 2012. Is B of A leasing the building? Has it been business as usual without interruption while the property was for sale?