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558 Brewster 558 Brewster is a newly renovated single-tenant office building totaling 5,580 square feet.

MOUNTAIN VIEW, CA—In a recent transaction, two of the most popular property types in the region, a newly renovated office in Redwood City and a multifamily community in Mountain View, sold for a total transaction volume of $28.6 million. Representing a single client as the buyer in the Redwood City office transaction and as the seller in the Mountain View sale—the transaction was part of a successful 1031 exchange directed by executive managing director Adam Levin and senior managing director Robert Johnston for Levin Johnston of Marcus & Millichap.

“With this exchange, we were able to both secure a competitive price for the multifamily asset, as well as help diversify our client’s portfolio by identifying a high-yielding office building in the desirable Redwood City market, which will create long-term wealth and stability for years to come,” explains Levin.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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