{"id":1004673255,"date":"2023-07-24T04:47:38","date_gmt":"2023-07-24T12:47:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004673255"},"modified":"2023-07-25T04:03:09","modified_gmt":"2023-07-25T12:03:09","slug":"link-logistics-sells-san-jose-business-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/","title":{"rendered":"Link Logistics Sells Bay Area Campus"},"content":{"rendered":"
\"Oakland<\/a>

Oakland Road Business Park. Image courtesy of Newmark<\/em><\/p><\/div>\n

Newmark<\/strong> has completed the sale of Oakland Road Business Park, a four-building, 177,117-square-foot industrial, warehouse and flex campus in San Jose, Calif. Link Logistics<\/strong> sold the property for $37.2 million, CommercialEdge data shows. According to Santa Clara County public records, Peninsula Land & Capital <\/strong>acquired the business park using a $24.2 million acquisition loan originated by J.P. Morgan Chase<\/strong>.<\/p>\n

At the time of the deal, the property was 90 percent occupied by multiple tenants, with an average tenure of eight years.<\/p>\n

Located between 1580 and 1630 Oakland Road on an 8-acre lot, Oakland Road Business Park is a four two-story buildings campus that include flex, office and warehouse space, with a total of 620 vehicle parking spots, CommercialEdge data shows. The park is close to interstates 880 and 680, some 3 miles from San Jose Mineta International Airport, 6 miles from downtown San Jose and within 47 miles of San Francisco.<\/p>\n

\n

READ ALSO: <\/strong>Fed Rate Hike Ahead. What\u2019s in it for CRE?<\/a><\/p>\n

\n

Peninsula Land & Capital\u2019s team of Principal Roger Fields, General Manager & Partner Lois Quilalang, Director Parker Fields and Senior Manager Mary Blaser is in charge of leasing at the property.<\/p>\n

Newmark\u2019s Vice Chairman Edmund Najera, Senior Managing Director Jonathan Schaefler, Executive Vice Chairman & President of Western Region Capital Markets Steven Golubchik, together with Director Darren Hollak, closed the deal.<\/p>\n

One of the top markets in the U.S.<\/h2>\n

According to a recent CommercialEdge report<\/a>, some $16.3 billion in industrial assets changed hands in the first half of the year across the country. Deal volume is on a downward trajectory due to increased interest rates and the slowing of the e-commerce sector. With $1.1 billion in assets trading as of May, the Bay Area was the third market for industrial sales volume in the U.S., following the Inland Empire and Los Angeles.<\/p>\n

Recent deals in the Bay Area include Terreno Realty’s $186 million acquisition<\/a> of Morton Commerce Center in Newark, Calif. Overton Moore Properties sold the four-building, 603,000-square-foot industrial campus, where Meta, Lucid Motors, Pegasus Logistics Group and RK Logistics Group hold leases.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oakland Road Business Park includes industrial, warehouse and flex buildings.<\/p>\n","protected":false},"author":2991,"featured_media":1004673260,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21752,21742,36079,15],"tags":[43145,51531,50999],"class_list":["post-1004673255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-mixed-use","category-latest","category-san-jose","category-west","tag-j-p-morgan","tag-link-logistics","tag-newmark"],"acf":[],"yoast_head":"\nLink Logistics Sells Bay Area Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Link Logistics sold a 177,117-square-foot industrial park in San Jose, Calif., for $37.2 million, to Peninsula Land & Capital.\" \/>\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\/link-logistics-sells-san-jose-business-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Link Logistics Sells Bay Area Campus\" \/>\n<meta property=\"og:description\" content=\"Link Logistics sold a 177,117-square-foot industrial park in San Jose, Calif., for $37.2 million, to Peninsula Land & Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/\" \/>\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=\"2023-07-24T12:47:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-25T12:03:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1076\" \/>\n\t<meta property=\"og:image:height\" content=\"808\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/link-logistics-sells-san-jose-business-park\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/\",\"name\":\"Link Logistics Sells Bay Area Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg\",\"datePublished\":\"2023-07-24T12:47:38+00:00\",\"dateModified\":\"2023-07-25T12:03:09+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"Link Logistics sold a 177,117-square-foot industrial park in San Jose, Calif., for $37.2 million, to Peninsula Land & Capital.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg\",\"width\":1076,\"height\":808,\"caption\":\"Oakland Road Business Park. Image courtesy of Newmark\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Link Logistics Sells Bay Area Campus\"}]},{\"@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\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"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\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Link Logistics Sells Bay Area Campus - Commercial Property Executive","description":"Link Logistics sold a 177,117-square-foot industrial park in San Jose, Calif., for $37.2 million, to Peninsula Land & Capital.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/","og_locale":"en_US","og_type":"article","og_title":"Link Logistics Sells Bay Area Campus","og_description":"Link Logistics sold a 177,117-square-foot industrial park in San Jose, Calif., for $37.2 million, to Peninsula Land & Capital.","og_url":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-07-24T12:47:38+00:00","article_modified_time":"2023-07-25T12:03:09+00:00","og_image":[{"width":1076,"height":808,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/","url":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/","name":"Link Logistics Sells Bay Area Campus - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg","datePublished":"2023-07-24T12:47:38+00:00","dateModified":"2023-07-25T12:03:09+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"Link Logistics sold a 177,117-square-foot industrial park in San Jose, Calif., for $37.2 million, to Peninsula Land & Capital.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg","width":1076,"height":808,"caption":"Oakland Road Business Park. Image courtesy of Newmark"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/link-logistics-sells-san-jose-business-park\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Link Logistics Sells Bay Area Campus"}]},{"@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\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","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\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Old-Oakland-Photo-e1690194432412.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004673255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004673255"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004673255\/revisions"}],"predecessor-version":[{"id":1004673479,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004673255\/revisions\/1004673479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004673260"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004673255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004673255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004673255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}