Fortinet Acquires 60,000 SF Industrial Property In East Bay For $65M

The industrial property located at 1551 Atlantic Street in East Bay has been sold in a transaction. The property spans 60,000 square feet and was sold for a price of $65,000,000, resulting in a price per square foot of $1,083. The sale was completed on August 1, 2022.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $65,000,000
• Address: 1551 Atlantic Street
• Market: East Bay

The buyer for this property is Fortinet represented by Ken Xie. The seller is DWS Group/RREEF. Ken Xie acted as the broker representative for Fortinet in this deal.