SAN FRANCISCO – JLL Capital Markets announced today that it has closed the $90.5 million sale of Green Valley Corporate Park, three newly completed, Class A industrial buildings totaling 415,107 square feet in Fairfield, California.
JLL represented the seller, Panattoni, in the sale to TA Realty.
Green Valley Corporate Park is situated on 26.48 acres at 4550-4750 Business Center Dr. near interstates 80 and 680 providing access to the greater Bay Area and Northern California. The property is 75% pre-leased to Southern Glazer and Landsberg Orora. The buildings offer 32’-36’ clear heights, 51 dock doors, 10 grade-level doors and 392 parking spaces.
The JLL Capital Markets team representing the seller was led by Managing Director Ryan Sitov and Senior Managing Director Mark Detmer. The JLL Leasing team incudes Senior Managing Directors Glen Dowling and Matt Bracco and Managing Director Chris Neeb.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
About TA Realty
TA Realty is among the largest and most experienced providers of real estate investment management services to U.S. and non-U.S. institutional investors. Since its inception in 1982, TA Realty has managed $38.5 billion of real estate assets through value-add and core strategies and customized separate/advisory accounts. TA Realty’s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management, and seek to achieve long-term value creation. For four decades, TA Realty has maintained this philosophy through multiple real estate and economic cycles, a strength recognized by pension funds, endowments, foundations, and high-net-worth individuals. For more information, please visit www.tarealty.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
West Coast Commercial Real Estate News