California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Prologis Snags South San Francisco Site Primed for Redevelopment
San Francisco-based Prologis acquired Shaw Business Center, an 8.2-acre covered land play in a strategic South San Francisco location. The seller was SBC Investors, LLC in a deal that reportedly traded for north of $76 million.
Prologis’ Darren Kenney says, “This transaction is part of our strategy to acquire properties near urban population centers and add value to drive growth.”
Located at 200-212 Shaw Rd., 214-218 Shaw Rd. and 1264-1272 San Mateo Ave., the property is adjacent to San Francisco International Airport, U.S. Route 101, and within blocks of San Bruno train stations for both BART and Caltrain.
CBRE’s Darla Longo, Rebecca Perlmutter, Marshall Hydorn, David Black and Karl Hansen represented the seller. The buyer was self-represented.
Perlmutter says, “This was an extremely rare opportunity to acquire a site of this size in South San Francisco. Users will gravitate to this excellent last mile location, with 3.5 million people within a 25-mile radius. The property is prime for redevelopment and could become the only state-of-the-art industrial campus serving San Francisco and the North Peninsula.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition
