Jaeger McHugh Leases ±20,000 SF at Corporate Place Business Park

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.

About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 520 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.

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