(EDITOR’S NOTE: According to public documents, the transaction closed on June 26, 2017 for approximately $6.5 million, according to tax documents reviewed by The Registry. The sale included four parcels totaling around 60 acres, however only about 26 of those can be developed. The buyer’s team was represented by Craig Hagglund and Ryan Davidson of Lee & Associated. Colliers’ team of Greig Lagomarsino and Todd Severson represented the seller.)
Richmond, Calif., July 11, 2017 – Colliers International announced today the disposition of a ±26 acres of land that comprised of six parcels located at Giant Road and Atlas Road, commonly referred to as Pinole Point Business Park – Phase III in Richmond, CA.
The ±26 acres of developable land of prime real estate is within the Pinole Point Business Park – Phase III. This property is centrally located, provides access to major highways, and close proximity to the Port of Oakland and San Francisco Bay Area region.
The property was acquired by OneCorp. Plans include construction of a 200,000-250,000 square foot industrial warehouse distribution building for Mattress Firm, as well as an additional 109,000 square foot industrial building available for occupancy in spring 2018.
The state-of-the-art industrial facility will have excellent access to I-580, I-80 and San Rafael-Richmond Bridge and include all modern building features.
Greig Lagomarsino, SIOR and Todd Severson, SIOR of Colliers International’s Oakland office handled the transaction.
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