CenterPoint Properties has invested in a 190.000-square-foot industrial facility in Hayward, CA. Colliers’ Greig Lagomarsino and Nick Ousman brokered the off-market sale-leaseback transaction. Terms of the deal were not disclosed.
“Parking has become a desperately sought-after commodity in the Bay Area. This property has parking in abundance, and premium access to the 880 industrial corridor as well as Highway 92, facilitating immediate access onto the Peninsula and San Francisco,” said JP Perez, CenterPoint’s West Region investments manager.
Illinois-based CenterPoint has been candid about its ambitions to secure more assets in the Bay Area. The Hayward property, located at 25001 Industrial Blvd., is the company’s sixth asset in the immediate area. A news release of the deal notes that the region has benefited from a surge in growth of business sectors such as logistics, manufacturing and technology.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.