TA Realty Acquires Industrial Property On Business Center Dr In Fairfield For $90.5M

Green Valley Corporate Park, a three-building industrial campus located at 4550-4750 Business Center Drive in Fairfield, California, was recently sold for $90.5 million. The property spans 415,107 square feet of Class A industrial space and sits on 26.5 acres of land. It features impressive amenities such as 32-foot to 36-foot clear heights, 51 dock doors, 10 grade-level doors, and 392 parking spaces.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $90,500,000.00
• Address: 4550-4750 Business Center Drive, Fairfield, CA
• Market: Fairfield
• Seller's Representative: Mark Detmer(JLL), Ryan Sitov(JLL)
• Buyer: TA Realty
• Square Footage: 415,107

Ryan Sitov and Mark Detmer of JLL Capital Markets were the representatives of the seller in the transaction, while Glen Dowling, Matt Bracco, and Chris Neeb of JLL were responsible for leasing the asset. At the time of the sale, the property was 75 percent pre-leased to tenants including Southern Glazer and Landsberg Orora.