Newmark arranged the sale of 215 Castro St., a 25,443-square-foot, three-story office and retail property in downtown Mountain View. The asset traded for an undisclosed amount.
Executive vice chairman and president, Western Region Capital Markets Steven Golubchik, executive vice chairman Ramsey Daya, vice chairman Edmund Najera, executive managing director Chris Moritz, managing director Darren Hollak and associate directors Francesca Zappula and Brendan Raney represented the buyer, Kenson Ventures. The Newmark team also represented the undisclosed seller.
“The 215 Castro St. marketing process yielded a deep buyer pool from institutional and private capital sources and resulted in a swift execution for our client,” said Najera. “We continue to see investors eager to buy properties in downtown corridors up and down the Peninsula and in Silicon Valley.”
The property is leased to three retail tenants on the ground floor: Alexander’s Patisserie, PokeWorks and St. Stephen’s Green. The second and third floors of office space are vacant.
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