Off-Market Logistics Headquarters Has Wide Footprint

TransPak is currently in the process of moving into the facility.

HAYWARD, CA—With limited inventory for East Bay industrial users, viable large space is at a premium. Cue an off-market property to the rescue. TransPak , a leading provider of logistics solutions, custom crating, packaging and design, was able to identify such a facility, namely a 122,502-square-foot industrial space that it has acquired for its new headquarters. The company paid slightly more than $13.7 million for the property located at 20415-20427 Corsair Blvd. and is currently in the process of moving into the facility. The seller was Sunland Properties Inc . Bert Inch , CEO of TransPak, said, “Our new East Bay facility in Hayward will give us the expanded regional coverage we need to help us improve and grow services in core markets such as Oakland, San Francisco and the surging North Bay. Combined with our existing Silicon Valley location, our wider footprint gives us deeper client reach throughout the entire San Francisco Bay Area.” Jay Hagglund, SIOR , executive managing director with Cushman & Wakefield ‘s Oakland office represented TransPak in the transaction. Shawn Klein of Newmark Cornish & Carey represented Sunland Properties. Hagglund tells GlobeSt.com: “With vacancy extremely tight at below 2%, the list of prospects that could accommodate TransPak’s relocation was also very tight. But we remained persistent in our exploration and were fortunate to uncover this great off-market opportunity under highly competitive market conditions.” Founded in 1952, TransPak is a partner to leading technology companies in the semiconductor, aerospace, medical equipment, security and solar industries. The company is headquartered in Silicon Valley and has 20 international offices. Inch added, “Cushman & Wakefield did a fantastic job to bring us this great off-market opportunity that was extremely difficult to find. We are thrilled with our new headquarters and believe Hayward will be a great place for us to continue to grow in the future.”