OAKLAND, CA-Tiburon Capital sold the 205,000-square-foot Edgewater Park Plaza “essentially because debt was coming due,” according to a source close to the deal. Polidev International LLC purchased the four-building office park for $12 million.

Golubchik, a vice president of the private capital markets group, along with Seth McKinnon, a vice president of the private capital markets group, and Edward Suharski, executive vice president of the institutional capital markets group, at Grubb & Ellis Co. represented both parties in the transaction. Christopher Johnke, senior vice president, and Cale Miller, senior associate, also assisted the buyer in the transaction. David Christensen, senior vice president of Grubb & Ellis’ debt and equity finance group, handled the financing. 

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