One of our favorite and oldest listing property in Walnut Creek.
Streetworthy©
The Colliers East Bay Office Team recently completed the lease-up and sale of Civic Executive Park in Concord, a seven building 140,000 square foot project acquired in 2012 by local investor owners which was not performing and plagued with high vacancy.
Real estate investors can remain confident in their acquisitions and refinancing due to the attractive options in the debt markets. 2015 is predicted to be a healthy market given strong domestic and international investor demand for commercial real estate, a wave a loan maturities, low interest rates and continued improvement of property fundamentals. Lenders expect a robust debt market in 2015 with ample credit and aggressive underwriting to meet the large amount of borrower demand. Interest rates continue to remain at historic lows. While there is chatter of rising interest rates, economists predict that there will be minimal uptick during 2015.
The City of Walnut Creek is planning a new initiative to expand the development potential in downtown. The plan will change the City’s landscape and skyline. This is a bold initiative that will add more housing density to the downtown core. We will see taller buildings up to 89 feet in height and improved intermodal connections for the Oakland boulevard corridor. Landowners should be very happy. The zoning changes will increase land values.
The Shadelands of Walnut Creek once known for a sleepy back office business park is transforming to a business center surrounded by retail shopping, recreation facilities, child care, and medical services. Not to mention, the entire business community will be able to get to work using an express bus service and bicycle trails. With the new developments of Walnut Creek’s Downtown making the city more urban, the Shadelands is a beacon for companies looking to expand in traditionally suburban Walnut Creek.
An exceptional Class A Office and Retail park located in Antioch.
The Shadelands is often referred to being locked away from the freeway by eighteen stoplights. Over the years tenants have shown preference to Concord office properties over Shadelands because of the perceived transportation and travel time limitations. Economically these two markets are nearly perfect substitutes with comparable rents and terms.
Our Team here at Walnut Creek|East Bay Office would like to welcome you to our newly designed website. You will find our current property listings as well as our portfolio of properties we have sold and leased over the past several years. For your convenience and knowledge, check out our Client Resources where you'll have access to all of Contra Costa County's resources for small businesses.