March 2, 2018
Steven Golubchik, Grant Lammersen and Edmund Najera have grown NKF’s capital markets team in San Francisco to 24 team members. Under their leadership, the group closed $2 billion in property sales in 2017, including 34 deals totaling 10.8 million square feet of office space.
Those deals include the $232-million sale of Uptown Station — the largest sale of a single commercial real estate property in the history of Oakland, CA. The all-in sale price of nearly $625 per square foot not only doubled the record for highest price per square foot, but singlehandedly identified Oakland as one of the Bay Area’s major downtown locations and a core market.
The team also closed the $220-million sale of HQ @ first, a 561,465-square-foot campus at 110, 120 and 130 Holger Way in San Jose, CA.
Not only did HQ @ first set a price-per-square-foot record for a vacant campus in San Jose, but also sparked the re-engagement of investors in North San Jose, following a period of significant vacancy and sublease activity.