PSP Construction Company has purchased a two-story, 16,000-sf commercial building at 1469 Pacific Avenue for approximately $1.5 million from LeeMah Properties Inc. The property features high ceilings, a mezzanine level and a basement. Anton Qiu, director of TRI Commercial represented both the seller and buyer in the deal.
Raymond YM Chan has sold a 31,500-sf industrial building, located at 480 Grandview Dr. in South San Francisco, to a private partnership, Coscinelle LLC, for approximately $4.8 million. The property includes a 7,605-sf office space, three loading dock doors, and one grade-level door. Mike Davis and Andrew Peceimer of Coldwell Banker Commercial represented both the buyer and seller in the deal.
Across the Bay, IDI Corp. bought the Tri-Valley Distribution Center, a 286,100-sf warehouse, from Prudential Realty Investment Advisors. Prudential sold the building, which is located at 7337 Las Positas Court in Livermore, for approximately $12 million. The building is about 50% leased. Colliers International represented Prudential, while Coldwell Banker represented IDI.
In an unfinished deal, Qwest Communications International Inc. has signed an agreement to sell a 78,000-sf industrial building in Sunnyvale to South Bay Development Co. for about $5 million. Qwest purchased the building about a year ago for more than $23 million, when it was a tenant in the property.
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.
