Hayward, Calif. – July 27, 2012 – Jaeger McHugh & Company, LLC just inked two new leases at their Corporate Place Business Park in Hayward. ATDynamics, Inc., a company that specializes in making tractor-trailers more fuel efficient, leased ±16,400 square feet at 3150 Corporate Place and Jasper Ridge Creamery, Inc. leased ±19,995 square feet at 3180 Corporate Place. Jasper Ridge Creamery is a relatively new company that manufactures non-dairy cheese products.
Jaeger McHugh & Company has over 1 million square feet in their Northern California portfolio and remains active in the market looking for well-located industrial facilities in the San Francisco Bay Area. They acquired the ±86,745 square foot business park last year. Corporate Place Business Park is comprised of two office warehouse/manufacturing buildings in close proximity to Interstate 880 and Highway 92 with immediate access to the San Mateo Bridge. When Jaeger McHugh acquired Corporate Place in 2011, the park was 25% leased. With aggressive leasing strategy implemented by Colliers International, the park is now 65% occupied with strong activity pending on the remaining ±30,000 square foot vacancy.
Greig Lagomarsino, SIOR, Joe Yamin and Rick Keely of Colliers International’s Oakland office represented the Landlord in both transactions. Tom Damaschino and Chris van Keulen of Cassidy Turley represented ATDynamics, Inc, and Adan Martinez, also of Cassidy Turley represented Jasper Ridge Creamery, Inc.
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