A huge industrial complex in Newark has been bought by a veteran Bay Area real estate company in a a deal that tops $180 million.
NEWARK — A huge industrial complex in Newark has been bought by a veteran Bay Area real estate company in a a deal that tops $180 million and is one of the largest property transactions so far this year in the Bay Area.
Morton Commerce Center has been bought for $186 million by an affiliate controlled by Terreno Realty, according to documents filed on March 31 with the Alameda County Recorder’s Office. The deal suggests that despite an increasingly wobbly economy both locally and nationwide, investors still seek commercial real estate properties in choice locations.
Cushman & Wakefield brokers Jeff Chiate, Rick Ellison, Mike Adey, Brad Brandenburg, Matt Leupold, John McManus and Victor DeBoer arranged the transaction. The just-bought industrial center consists of four buildings that together total 602,700 square feet, according to Cushman & Wakefield, a commercial real estate firm.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Smash and grab at East Bay jewelry store, suspects at largeAn East Bay jewelry store was robbed Friday evening, police said.
Lire la suite »
Meet Boyd, Green Bean and other East Bay pets of the week for April 7Area shelters’ dogs and cats need their “forever” homes.
Lire la suite »
After high-speed chase that reached 115 mph, police arrest East Bay teen, two othersThe 17-year-old driver from Oakland, a minor not identified, and his two passengers, their ages unknown but also Oakland residents, were taken into custody without incident, according to a Fairfiel…
Lire la suite »
First gray whale of the year dies in SF Bay AreaThe 35-foot-long gray whale washed up on Bolinas Beach late last month.
Lire la suite »