Hayward, Calif. – Jaeger McHugh & Company, LLC welcomes a new tenant into Corporate Place Business Park in Hayward. The San Francisco based investor just signed a new lease with Magico, LLC, which will use their new facility for light manufacturing.
This is the third new tenant that Jaeger McHugh has brought to the Corporate Place Business Park within the last quarter. “This is another good indication of market activity where creative Landlords and willing Tenants are continuing to get deals done,” says Joe Yamin, Vice President of Colliers International’s Oakland office, who represented the Landlord in this transaction. “The project started 2012 at 75% vacancy, and with the signing of the Magico lease, the project is now less than 11% vacant.”
Corporate Place Business Park is a 2-building multi-tenant industrial park comprised of ±86,618 square feet of manufacturing, warehouse and high finish office space. Magico, LLC will be moving into 3170 Corporate Place, a ±20,000 square foot space that features ±11,000 square feet of office space, 18’-20’ interior clearance height, 2 dock-level doors, 2 grade level loading doors and has immediate access to the San Mateo Bridge. The business park is now 88% occupied with ±10,000 square feet remaining available for lease.
Greig Lagomarsino, SIOR, Joe Yamin and Rick Keely of Colliers International’s Oakland office represented the Landlord and Jim Clark and Joe Fabian of Cornish and Carey, Hayward represented the Tenant in this transaction.
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