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Bay West Properties Forms New Entity

SAN FRANCISCO-Bay West Properties has formed a new entity, which wastes no time in closing its first acquisition and hiring a new manager of acquisitions. It buys 877,000-sf Stockton Industrial Park for $21.5 million.

By Michelle Savage | Updated on October 09, 2001

SAN FRANCISCO-Bay West Properties, a real estate investment holding firm, has formed a new entity, closed its first acquisition and appointed a new managing member. The company’s new entity, Bay West Equities LLC, has acquired Stockton Industrial Park, a six-building, 877,000-sf industrial park in Stockton.

The park is fully occupied on a triple-net basis.

Bay West Equities purchased the property from Principal Capital Management, a Des Moines, IA-based firm, which sold the park as part of a portfolio realignment. CB Richard Ellis represented the seller in the transaction and Bay West Equities was represented in-house.

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