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Newmark Completes $22 Million Sale of Tower Plaza in San Mateo,…
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San Mateo Offices Trade for Lease-Up or Adaptive Reuse
Newmark arranged the sale of Tower Plaza, a 207,678-square-foot, five-building office campus located at 2121 S. El Camino Real in San Mateo. The asset was acquired by Tourbineau Real Estate Partners for $22 million, approximately $106 per square foot, making it one of the most notable Peninsula office trades of the year. Executive vice chairman and president, Western Region Capital Markets Steven Golubchik, vice chairman Edmund Najera, managing …
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