FREMONT CA-CW Kato Investors LLC has purchased 47550 Kato Road, a 254,593 square foot warehouse, for use by its affiliate, Homelegance, Inc.
The deal closed on Dec. 30, and terms of the sale were kept confidential. Casey Ricksen, senior VP with Colliers International in Oakland arranged the transaction, which is said to be the largest user- occupied distribution sale of 2013 in the market.
“This transaction is a win/win for both parties and is further evidence of a strengthening trend in user acquisitions along the 880 Corridor,” Ricksen said. “The inventory of quality larger warehouse buildings for sale is almost nonexistent and many of the recent large facility sales were not on the market. This was a great acquisition given the freeway identity, functionality, and close proximity to the buyer's main distribution facility.”
Continue Reading for Free
Register and gain access to:
- 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
© 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.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
