Very important Information Management totally occupies 37580 Filbert St. Picture courtesy of CommercialEdge
Bridge Logistics Properties, a subsidiary of Bridge Funding Group Holdings Inc., has entered Northern California with the sale-leaseback acquisition of a 84,482-square-foot warehouse at 37580 Filbert St. in Newark, Calif. Very important Information Management offered the property, in response to CommercialEdge information. Newmark facilitated the transaction.
In-built two phases, in 2000 and 2012, the property options 34- and 40-feet clear heights. Very important Information Management is the power’s sole tenant.
The 4.7-acre property offers entry to Interstate 880, connecting San Jose to Oakland, Calif. Dumbarton Bridge is 10 miles away, whereas San Jose Worldwide Airport and Oakland Worldwide Airport are inside a 21-mile radius. Port of Oakland is 25 miles northwest, whereas San Francisco Worldwide Airport is a few 27 miles away.
The Newmark group which brokered the deal included Govt Managing Administrators Mark Geisreiter and Mike Spiro, together with Senior Managing Director Seth McKinnon. Earlier this yr, different Newmark brokers organized the sale of a 177,117-square-foot industrial, warehouse and flex campus in San Jose, Calif.
In June, a BLP funding automobile partnered with The Townsend Group for the aim of buying logistics properties in gateway markets throughout the U.S. The three way partnership will deploy $147 million in acquisitions, with an possibility to boost the funding worth to $200 million.
