The seller of the building, built for a furniture company in the 1950s, was the Eileen G. Callaghan Trust. It is the last piece of a 6.04-acre city block the trust sold off for a combined $21 million.
The trust acquired the land in the 1920's. Located between highways 280 and 101 off of Cesar Chavez Boulevard, it was used as a rice milling facility until 1989.
The trust hired James Swarthout of Colliers International to liquidate the asset. The front portion of the site, 2090 Evans Ave., is what Shurgard acquired. The back four acres of the site will be developed into a 100,000-sf processing facility for Federal Express.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.