The 320,000-sf manufacturing and flex-office park was developedlast year by Legacy Partners for $23 million. It is located at3200-3280 Whipple Road. Joe Fabian of BT Commercial representedboth the seller, Principal Capital Management LLC, and the buyers,Syme Family Partners and Nearon Enterprises.

Before the park was completed, it was already fully leased.Tenants were reportedly eager to take advantage of some of thePeninsula's cheaper rental rates, some as low as 80 cents per sfper month, triple net. Some of the park's tenants include AbaxisInc., a bioscience firm which occupies 90,000-sf in Crossroads,Telogy Inc., which occupies 89,000-sf, and Axon Instruments, whichtakes up 75,000-sf.

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
NOT FOR REPRINT

© 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.