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MDH Enters Bay Area with Livermore Industrial Acquisition
MDH Partners has acquired 5775 Brisa St., a 108,347-square-foot, single-tenant industrial building in Livermore, within the Bay Area’s Tri-Valley submarket. Terms weren’t disclosed. The acquisition is the first in Northern California for Atlanta-based MDH and brings its California footprint to nearly 1.7 million square feet.
Colliers represented the seller. James Hwang, MDH Partners’ VP of acquisitions and head of the firm’s Los Angeles office, led the acquisition.
“5775 Brisa St. establishes a foothold in the San Francisco Bay Area, a market we’ve targeted since opening our Los Angeles office,” Hwang said. “The property was acquired substantially below replacement cost and pairs a quality stabilized tenant in a headquarters manufacturing facility with attractive features such as heavy power and excess land with a secured yard. Combined with the limited supply of quality functional product and its proximity to the Bay Area’s tech, life sciences, and advanced manufacturing users, this asset is positioned to cater to the growth of those needs.”
- ◦Sale/Acquisition
