Dermody Properties has sold its new LogistiCenter @92, to PGIM, the investment arm of insurance giant Prudential Financial, in an all-cash deal for $103M.

The 354K SF, two-building campus in Hayward stands on a 16-acre site near the intersection of State Route 92 and Clawiter Road at the approach to the San Mateo-Hayward Bridge.

Oakland-based Harvest Properties is working PGIM on LogistiCenter @92, focusing on attracting tenants.

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.

National
Industrial
West