Press Release brought to you by Lee & Associates

Lee Oakland represents Wang Brothers Investments in a Sale Transaction in Richmond, CA

05/06/2015

The Parkway Business Center in Richmond California has sold.  This property is comprised of three flex/office/industrial buildings totaling 87,785 square feet on 9.8 acres with 3 acres of developable land.  The buyer, Wang Brothers Investments, was able to acquire the property at an attractive basis with stable income and will consider options for developing the land in the future.  The price is undisclosed.

 

This transaction is representative of the strengthening North Richmond submarket where investment grade buyers and tenants are currently looking for opportunities as inventory continues to tighten across the East Bay Area. 

  

Wang Brothers Investments (Buyer) was represented by Ryan Davidson of Lee & Associates - Oakland.  Pacific Equities Group (Seller) was represented by Ron M. Pelleg Commercial Real Estate.

 

 

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Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 52 locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-associates.com. You can also follow us on Facebook, LinkedIn and Twitter.

05/06/2015 - 09:00

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Lee & Associates

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