[[{“value”:”
**Overton Moore Acquires Altamont Shallow Bay Portfolio in Livermore for $49.25M**
Newmark has successfully arranged the sale of the Altamont Shallow Bay Industrial Portfolio in Livermore, California, on behalf of Principal Real Estate. According to the San Francisco Business Times, Overton Moore Properties purchased the portfolio for $49.25 million, marking its second acquisition in the Livermore market.
The Newmark team involved in the transaction included Executive Vice Chairman and President of Western Region Capital Markets Steven Golubchik, Vice Chairman Edmund Najera, Managing Director Darren Hollak and Associate Director Brendan Raney, who represented the seller.
“As investors navigate tariff-related market dynamics and a constrained development pipeline, shallow-bay assets have been the square focus of institutional industrial capital,” said Golubchik. “Our marketing process of this portfolio yielded a deep buyer pool of qualified institutional investors, and we are pleased to deliver an exceptional outcome for both Principal Real Estate and Overton Moore Properties.”
Located at 7650 and 7888 Marathon Drive, the portfolio consists of two fully leased industrial buildings totaling 241,213 square feet.
Photo Credit: Todd Quam, Digital Sky Aerial Imaging
This transaction highlights continued investment momentum in the East Bay’s industrial market and Overton Moore’s strategic expansion in the region.
“}]]
