March 22, 2018 Comments Off on East Bay Distribution Center Trades for $94M Views: 2636 Bay Area, California News

East Bay Distribution Center Trades for $94M

Conor Commercial Real Estate, and its joint-venture partner, American Realty Advisors, divested Hayward 92 Industrial Center in Hayward, CA. The 236,976-square-foot distribution facility was reportedly acquired by New York-based Deutsche Asset Management for $93.6 million, an East Bay record-breaking $395-per-square-foot.

The LEED-Certified fully-automated industrial facility is reportedly 100% leased to FedEx. The 31.5-acre infill development at 3596 Baumberg Ave., in the southern I-880 corridor, was completed in late 2017 and includes modern building features and fully improved land dedicated to truck, trailer and employee parking.

The building features 32-foot clear height, 61 dock-high doors, 5,340 square feet of office and a 1,500 square foot security building to regulate site access. The building interior is fully-automated, and features a sophisticated conveyer system to enhance productivity and facilitate efficient operations.

Cushman & Wakefield’s Jeff Starkovich and Jay Hagglund represented the landlord in the project leasing, and Cushman & Wakefield’s Jeff Chiate and George Eckard handled the project sale.

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