Livermore, January, 24, 2017 – Michael Donnelly, SIOR and Joe Yamin of Colliers International, represented Exeter Property Group in their purchase of 13.5 acres of industrial land in East Livermore at the SEC of Greenville Road and I-580. The sale price was approximately $9M. CBRE, represented the seller, Chamberlin Associates in this recent transaction.
Michael Donnelly, SIOR states, “This is Exeter Property Group’s third Livermore acquisition within the last 24 months. Exeter has acquired this particular 13.5 acres with plans to build a speculative, 260,000+square foot Class ‘A’ Distribution Building. The site visibility (from I-580) along with the lack of quality product in the Tri-Valley make Exeter and their marketing team confident they’ll find a quality tenant by the time building has been completed, or potentially before. We expect this project to be ready for occupancy in the 4th Quarter of 2017.”
Exeter Property Group is a real estate investment manager focused on industrial single-assets, portfolios and whole loans across the U.S. and Canada. “As hands-on operators, our experienced team of real estate experts acquires, develops and manages big-box warehouse, multi-tenant logistics and business park properties out of nine offices. Our combination of local execution and national scope allows Exeter to deliver superior real estate solutions to our tenants and to deliver superior risk-adjusted returns to our investors.”Additional information provided by visiting, http://exeterpg.com/
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