"Demand for state-of-the-art industrial buildings is on the rise, and with e-commerce in high demand, companies are looking for real estate in suburban areas, like Livermore, that are in or near distribution hubs and warehouse spaces with footprints of 50,000 to 200,000 square feet," said Lloyd. "Many companies find Livermore-type markets ideal, because they're cheaper and offer access to important places like San Francisco, Silicon Valley and the Port of Oakland."
Construction of 7600 Hawthorne Avenue was completed in 2019. The property is divided into 5 percent office space and 95 percent warehouse space. Black Creek Group purchased the property partially occupied. They are currently marketing the building's vacant space and expect to see activity from a variety of industries including e-commerce and third-party logistics providers.
"With close proximity to major transportation routes, 7600 Hawthorne Avenue was an attractive acquisition for Black Creek Group as the building's prime location offers tenants connectivity to not only the Greater Bay Area, but the entire Western U.S.," said Gregg Boehm, senior vice president of acquisitions and development for the Western Region. "Additionally, this acquisition represents the kind of deals we are looking for, as we are actively pursuing high-quality industrial opportunities in strong performing markets like this."
Located in the National Business Park, 7600 Hawthorne Avenue is situated one and a half miles away from the I-580/I-680 interchange which offers access to Tracy, the Silicon Valley and the Port of Oakland.
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Allison + Partners Northern California