Opus Corp. built 7000 Gateway Blvd. in 1996 specifically forBeeline, which was acquired by Legett & Platt in 2002. Thebuilding has 28,000 sf of office and 42,000 sf ofR&D/industrial space. It has 24-foot clear heights, grade-leveland dock doors, visibility to the Interstate 84 and is over-parkedwith a ratio of 3.9 spaces per 1,000 sf of building area.

Brandon Delf, a senior acquisitions guy for CAMI tellsGlobeSt.com that the Beeline Group lease will need to be renewed orreplaced during the life of the fund, which is eight years. "Wethink the tenant will stay and if not we will have many othertenants looking at the space," Delf says. "We think it's good,solid real estate and we expect appreciation in rental rates."

The fund that acquired the property is relatively new, havingmade five acquisitions. Delf says the fund is looking to acquireadditional assets in the Bay Area. The fund's sweet spot is in the$10- to $30-million range, he says.