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WALNUT CREEK, CALIF. — Alamo Essex LLC, a joint venture between Alamo, Calif.-based Alamo Group and Essex Property Trust, has acquired 1500 Newell Avenue in Walnut Creek. Located at the corner of South Main Street and Newell Avenue, the eight-story property offers 51,343 square feet of office space. Sean Cooley, Mike Zylstra, Forrest Gherlone and Joyce Gutzeit of Cornish & Carey Commercial represented both the buyer and the seller, Hong Kong-based Shaw Foundation Properties Corp., in the transaction. The financial terms of the transaction were not disclosed.