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9-Acre Property Sells; Flex Planned

LIVERMORE, CA-Pacific Union Commercial Development purchased the property for $2.7 million. The company plans to develop a 140,000-sf flex development on the site. Construction is expected to commence in mid-2000 and completed in 2003.

By Michelle Savage | Updated on October 31, 2001

LIVERMORE, CA-Pacific Union Commercial Development recently purchased a nine-acre property in Livermore for $2.7 million from Top Grade Development.

“Pacific Union continues its aggressive move into the Tri-Valley real estate market with this purchase,” says Dan Bergen of Colliers International, who brokered the land sale on both sides. “We think that with the project’s proximity to downtown Livermore and Lawrence Livermore National Laboratory will be a definite strength in attracting new users.”

Pacific Union Commercial Development’s president, Bill Drummond, says that the firm plans to build a 140,000-sf industrial/office flex development for the property, with building sizes ranging from 8,000 to 41,000-sf.

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