By Meghan Hall
Local investment firm Ark Row Industrial is expanding in South San Francisco, and the company has bought two properties just up the road from one of its existing assets. In a deal that closed mid-September, the company acquired 202 and 212 Littlefield Ave. for $32 million, according to public records. The seller of the properties was listed as Wells Enterprises.
In all, the two assets total 105,508 square feet and were originally built between 1961 and 1963. Both buildings rise only one story. The buildings are aptly located, just minutes north of San Francisco International Airport, Interstate 380 and State Route 101. Other businesses such as an Amazon Delivery Station, AW Collision, Sigler Wholesale Distributors and ZiplineCorporate Headquarters, are all nearby.
The properties’ new owner, Ark Row Industrial, also owns a 33,000 square foot asset at 425 Littlefield Ave., just up the road. Its other assets include 575 Marina Blvd. in San Leandro, which totals about 41,000 square feet, 2975 Volpey Way in Union City, which is about 60,000 square feet, and 20671 Corsair Blvd in Hayward, which totals 32,000 square feet.
On its website, the company describes itself as dedicated to infill industrial product.
“We believe this evergreen investment and operational approach creates a real estate platform that realizes value for our clients and partners through a variety of economic environments,” the firm’s website states.
The company specifically targets close-in industrial real estate in San Francisco, the East Bay, South Bay and Peninsula, and considers all investment sizes. The company states that it is structured to own and operate properties for the long-term, through multiple market cycles.