Bay West Equities acquired a 164,188-square-foot manufacturing, distribution and office property in Valencia, Calif. The value of the transaction was $12.7 million. The property is located at 29011 Commerce Center Drive and situated on 7.1 acres. An investment group comprised of pension fund advisor Great Point Investors LLC and opportunity investor/developer Sares Regis Group was the seller. At the time of sale, the property was 100 percent leased on a NNN basis to Bertelsmann AG, doing business as Arvato Services, which utilizes the property for its expanding fulfillment business operations. Pat Scruggs, Craig Peters and Doug Sonderegger of CBRE represented the seller. Bay West Equities represented itself. San Francisco-based Bay West Properties is a private real estate investment...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.