March 1, 2016 Comments Off on Birtcher Anderson/Merced Capital JV Completes $63.4M Bay Area Portfolio Acquisition Views: 477 Bay Area, California News

Birtcher Anderson/Merced Capital JV Completes $63.4M Bay Area Portfolio Acquisition

Concord-based Garaventa Properties, a family-owned venture, sold a Bay Area, multi-market industrial portfolio to a partnership of Birtcher Anderson Realty and Merced Capital for $63.4-million. The acquisition represents Birtcher Anderson’s initial foray into the Northern California market.

The three properties include 18 industrial, flex and office buildings that are 85 percent leased to more than 30 tenants. Properties include:

– Garaventa Park, a 204,726-square-foot property in Concord
– Fairfield Corporate Commons, a 228,133-square-foot property in Fairfield
– Lake Forest Business Park, a 100,832-square-foot property in Folsom

Cushman & Wakefield’s Steve Hermann and Robert Gilley headed the disposition assignment, along with industrial leasing specialists Brooks Pedder and Tony Binswanger, who’ve handled leasing for the properties for more than 25 years.

Connect with Cushman & Wakefield’s Pedder

Connect with Cushman & Wakefield’s Hermann

Connect with Birtcher Anderson

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , ,

Comments are closed.