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MARTINEZ, CA-Carone and Co. is the new owner of a 13.5-acre parcel in unincorporated Contra Costa County, near the City of Martinez. The company paid more than $1.4 million for the site, located near Interstate 680 and Highway 4 on Waterbird Way.

Norm Eggen represented the seller, IT Group and David Granger with CRS, Commercial Real Estate Services represented the buyer, Lloyd Carone of Carone Construction (dba Waterbird LLC).

Eggen, vice president at Colliers International in Oakland, says that this sale takes off the market a large parcel of land available for more than a year, and gives Carone the land his company will need expand as business necessitates, says Eggen.

Carone and Co., currently based in Concord, may use the site as its new headquarters, says Eggen. Initially, though, the company intends to grade the site and then install the necessary improvements required for its use as a construction yard.

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