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California  + Bay Area  + Industrial  | 

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

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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