Newmark recently completed the sale of San Tomas Business Centre, a business park comprised of office and light industrial/warehousing space located at 2060-2101, 2110, 2116 and 2118 Walsh Avenue in Santa Clara. The property sold for an undisclosed amount to an unidentified buyer and includes nine buildings totaling 79,358 square feet. Executive vice chairman Steven Golubchik along with Edmund Najera (vice chairman), Jonathan Schaefler (senior managing director) and Darren Hollak (director) facilitated the transaction.
Golubchik commented on the deal: “San Tomas Business Centre offered a combination of in-place cash flow as well as potential upside through increasing rents or extending lease terms. The existing mix of office and industrial users have shown commitment to this project which makes it a stable income-producing asset.”
