HAYWARD, CA-Colliers International recently completed the largest new industrial lease in the East Bay since 2009.
Colliers represented landlord Clarion Partners in the lease of a 332,951 square foot warehouse in Hayward to Nor Cal Moving Services. The mover signed a long-term lease and will consolidate several locations in its new facility. Clarion Partners was represented in the transaction by Kevin Hatcher, Mark Maguire, and Mike Goldstein.
“This is the largest new lease signed by an industrial tenant in Hayward in the past decade, and further illustrates the vibrant health of the East Bay Industrial market”, said Mark Maguire, SVP with Colliers. Colliers International's market research indicates that market vacancy for warehouse product is down more than 40% year over year, at 6.0% currently.
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.
