The 225 acres are zoned for both heavy and light industrial uses.

The 750,000-square-foot office building at 2201 Valley will include 10,000 square feet of retail and arts spaces, occupying a full city block between Telegraph Avenue, Valley, West Grand Avenue and 22nd Street.

The Pennsylvania portfolio consists of 15 apartment communities with 485 units for both family and elderly tenancy.

Expect industrial capital to focus on repositioning class-B and –C deals this year in top tier West Coast markets, according to NKF's newest industrial star.