{"id":1004197413,"date":"2017-11-15T10:43:46","date_gmt":"2017-11-15T18:43:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004197413"},"modified":"2022-12-06T21:49:28","modified_gmt":"2022-12-07T05:49:28","slug":"east-bay-industrial-business-park-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/","title":{"rendered":"East Bay Industrial Business Park Changes Hands"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004197415\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004197415\" data-attachment-id=\"1004197415\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/eden-landing-business-park\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"eden landing business park\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Eden Landing Business Park, Hayward, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg?w=800\" class=\"wp-image-1004197415 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg\" alt=\"Eden Landing Business Park, Hayward, Calif.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004197415\" class=\"wp-caption-text\">Eden Landing Business Park, Hayward, Calif.<\/p><\/div>\n<p>A joint venture of Alex Brown Realty Inc. (ABR) and CIP Real Estate (CIP) has purchased the Eden Landing Business Park, a 195,044-square-foot flex industrial asset in Hayward, Calif. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $9.7 million in the joint venture. Financing was provided by Wells Fargo.<\/p>\n<p>Located at 26235 Research Road, in the East Bay, Eden Landing provides access to state route 92 and the San Mateo Bridge as well as to the San Francisco, San Jose and Oakland airports. The 10-building business park is spread over an 11-acre site featuring industrial and office components ranging in suite size between 200 and 7,000 square feet.<\/p>\n<p>The joint venture plans to begin value-add improvements to the property. \u201c<em>The business plan contemplates $2 million in capital improvements,\u201d<\/em> said Eric Smyth, principal\u00a0&amp; co-founder of CIP, in prepared remarks. <em>\u201cOnce complete, Eden Landing will be positioned to better compete with its competitive set, or even outperform it.\u201d\u00a0<\/em><\/p>\n<h2>High occupancy rate<\/h2>\n<p>At the time of the sale the asset was 94 percent leased to 105 tenants representing a diverse range of industries. The multiple buildings and suite sizes allow leasing flexibility and provide the tenants the opportunity to expand their portfolios.<\/p>\n<p><em>&#8220;Hayward\u2019s <a href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-industrial-sector-on-top-in-2017\/\">industrial market<\/a> is very healthy, with a low vacancy rate and limited new supply. We anticipate tenant demand and rental rate growth to remain strong,&#8221;<\/em> said\u00a0Tom Burton, chief investment officer of ABR, in prepared remarks.\u00a0<\/p>\n<p><em>Image courtesy of Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements. <\/p>\n","protected":false},"author":871,"featured_media":1004197415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,21783,21742,1609,15],"tags":[32946,33730,33277],"class_list":["post-1004197413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-investment","category-latest","category-san-francisco","category-west","tag-alex-brown-realty-inc","tag-cip-real-estate","tag-wells-fargo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>East Bay Industrial Business Park Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"East Bay Industrial Business Park Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-15T18:43:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T05:49:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/\",\"name\":\"East Bay Industrial Business Park Changes Hands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg\",\"datePublished\":\"2017-11-15T18:43:46+00:00\",\"dateModified\":\"2022-12-07T05:49:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/eden-landing-business-park.jpg\",\"width\":800,\"height\":620,\"caption\":\"Eden Landing Business Park, Hayward, Calif.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/east-bay-industrial-business-park-changes-hands\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"East Bay Industrial Business Park Changes Hands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. 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