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California  + Bay Area  + Industrial  | 

Hines Fund Scores Industrial Assets in NorCal, SoCal

Hines U.S. Property Partners (HUSPP), Hines’ flagship commingled U.S. core plus fund, has closed on four investments totaling approximately $200 million and spanning two key property types: industrial and alternatives. In the industrial space, the acquisitions include properties in Northern and Southern California: Warm Springs Industrial Park in Fremont and Brown Field Tech Park II in San Diego.

“Our commitment to seizing opportunities and diversifying our assets is not just a strategy, but a testament to our dedication to investor success,” said Adriana de Alcantara, HUSPP fund manager at Hines. “By carefully navigating the changing dynamics of today’s market environment and focusing on high-quality assets with strong fundamentals, we aim to fortify our position for sustained, diversified growth.”

In addition to the two California industrial properties, HUSPP has closed on the CapMed portfolio in Maryland, its first healthcare acquisition; and 301 Logistics, a fully leased industrial asset in Tampa.

Photo of Warm Springs Industrial Park courtesy of CBRE.

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Hines' de Alcantara

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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