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JLL Completes Sale, Secures Acquisition Financing for San Leandro Industrial Park
Williams Industrial Park, a 100%-leased, 438,301-square-foot facility in San Leandro, CA, has sold for $53.5 million. A partnership between Lift Real Estate Partners LLC and Westbrook Partners purchased the commercial real estate asset from Broadreach Capital Partners.
The property consists of two buildings at 2010 and 2020 Williams Street, which are fully leased to five tenants across a diverse set of industries and is anchored by 21st Amendment Brewery’s HQ.
JLL Capital Markets’ Will Connors and Erik Hanson handled the sale. JLL’s Alex Witt and John Manning also arranged the acquisition financing. JPMorgan provided the loan.
Connors says, “This was a rare chance for investors to purchase industrial real estate at scale in the incredibly land constrained Bay Area. The I-880 corridor is one of the most sought after submarkets in all of Northern California, and the competitive bid process showed that assets there have potential to create excellent value.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


