OAKLAND, CA-In a set of transactions that highlights the appealof fully leased industrial buldings to investors, San Diego-basedLBA Realty has closed on four industrial salestotaling more than one million square feet. The sales occurredin Hayward, Lathrop, Tracy and San Jose, all in northernCalifornia.
The sales took place in two distinct markets of NorthernCalifornia: the highly urbanized 880 Corridor, which includesOakland and San Jose, and the more suburban/exurban San JoaquinValley, the location of Tracy and Lathrop.
Mihael Goldstein of ColliersInternatinal, who worked on two of the sales, says therelationship of the San Joaquin Valley to the Bay Area is similarto the relationship of the Inland Empire to Los Angelesand Orange counties.
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