Northmarq Brokers Sale of Former Men’s Wearhouse Offices
Chase Dominguez of Northmarq’s Atlanta commercial investment sales team completed the $23.4-million sale of a three-building office property in Stevenson Business Park in Fremont. Northmarq represented the seller, The Men’s Wearhouse. The buyer was a private investor based in California.
Built in 1999 and renovated in 2012, the property at 6100 Stevenson Blvd. totals 116,780 square feet and is situated on 7.7 acres of Industrial-Tech (I-T) zoned land. It was formerly a regional office for The Men’s Wearhouse and is adjoined by a common area courtyard and greenspace.
“Although the property has been utilized as office for the past decade, it is situated on I-T zoned land, which generated substantial interest among local investors, and ultimately allowed Northmarq to maximize proceeds for The Men’s Wearhouse,” said Dominguez. “This versatility creates an opportunity for the buyer to reposition the asset and capture evolving demands of the market.”
Situated in one of the most sought-after office and industrial corridors of the East Bay, the property is less than a mile south of Newpark Mall and 0.2 miles from Interstate 880.
