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HAYWARD, CA-WP Investments has purchased a 214,172-sf building on 16 acres here. Located only a few minutes away from Downtown Oakland, and 15 miles from San Jose, the property could easily be adapted for a number of different uses. WP intends to lease the existing structure, which features 30-foot interior ceiling clearance. Formerly, the building housed a manufacturing and distribution center for Reynolds Metals Co.

WP is looking for a tenant to lease the structure, along with 12 of the available 16 acres. The other four acres are planned for R&D/office space, or retail use along Whipple Avenue and Interstate 880.

Colliers International in Oakland, CA brokered the $9 million sale. According to Greig Lagomarsino, Senior VP at Colliers, space is at a premium in the area, with vacancy rates hovering around three percent.

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