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Principle Capital Buys 100-Acre Parcel, Sells Off Pieces

LIVERMORE, CA-The Des Moines, Iowa-based investment firm already has inked a deal with Balch Enterprises. The land is located along the Interstate 580 corridor. It is zoned for warehousing, distribution, and research and development.

By Allison Landa | Updated on December 04, 2000

LIVERMORE, CA-Principle Capital Real Estate has closed on the purchase of a 100-acre industrial parcel here along the Interstate 580 corridor and is now busy breaking it up and selling it off. The Des Moines, Iowa-based investment firm says it, too, will develop a portion of the $20 million property, but isn’t talking specifics yet.

Principle is marketing the land to corporations and developers, and already has inked a deal with Balch Enterprises. The industrial developer is purchasing 11 acres, and plans to build a four-building, 175,000-sf facility on that land. The purchase price was not immediately available.

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