TA Realty Acquires Industrial Property In Fairfield, CA For $90.5M

The industrial property located at 4550-4750 Business Center Drive in Fairfield, CA has been sold for a price of $90,500,000. The property spans over an area of 26.5 acres and has a total square footage of 415,107. With a price per square foot of $218, this transaction signifies a significant investment in the industrial sector.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $90,500,000
• Address: 4550-4750 Business Center Drive, Fairfield, CA
• Market: Fairfield, CA
• Acres: 26.5

The buyer of this property is TA Realty, whereas the seller is Panattoni Development Co., represented by Adon Panattoni. The deal was brokered by JLL Capital Markets. This transaction highlights the involvement of key players in the real estate market and the value they bring to such deals.