SAN JOSE-Chicago-based real estate investment advisor RREEF has acquired three business parks in the region. Included in the purchase were the Tully Business Center in San Jose, the Scott Creek Business Park in Fremont, and Cabot Business Park in Hayward. The acquisition price was not released.

Scott Creek is a five-building industrial research and development property completed last year and consisting of 300,292-sf. It is the only park in the transaction that RREEF says is fully leased. The seller was Carlyle Realty Bay Area LLC. Greg Cioth and Tom Loeswick of Colliers Investment Services Group brokered the transaction.

The Tully Business Center is a six-building 167,086-sf complex at the intersection of U.S. Highway 101 and Tully Road. RREEF bought the property from Tully LLC and was represented by James K. Allsup of Cushman & Wakefield.

Allsup also represented RREEF in its purchase of Cabot Business Park, a four-building, 139,664-sf development at the corner of Cabot Boulevard and Depot Road. The property includes 2.79 acres of undeveloped land. The company is not yet releasing plans for the acreage.

RREEF is a wholly-owned subsidiary of Netherlands-based RoProperty Investment Management, NV. The company estimates an investment portfolio of $12.3 billion and more than 190 clients through 112 offices nationwide.

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