GRUBB & ELLIS NEGOTIATES $12 MILLION OFFICE PARK SALE ALONG EAST S.F. BAY

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OAKLAND, CALIF. — Grubb & Ellis has brokered Tiburon Capital’s $12 million sale of Edgewater Park Plaza, located at 7700 Edgewater Drive in Oakland, to Polidev International LLC. Completed in 1976, the four-building, approximately 205,000-square-foot office park was about 40 percent leased at the time of sale. Grubb & Ellis’ Steven Golubchik, Seth McKinnon and Edward Suharski represented both parties in the transaction, with assistance on the buyer’s side from the brokerage firm’s Christopher Johnke and Cale Miller.

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