Crow Holdings Industrial (CHI), the industrial development company of Crow Holdings, has completed the sale of Bay Area Commerce Center I – Hawthorne to Black Creek Group, a Denver-based leading real estate investment management firm. Terms of the transaction were not disclosed.
The newly constructed, 242,000-square-foot warehouse is located in Livermore, Calif., within the Tri-Valley submarket and provides easy access to Interstate 580 and the Greater Bay Area, including Oakland’s air and sea ports. The property is 70 percent leased to the country’s largest mattress retailer. This transaction represents the second disposition by CHI of an industrial property in Livermore during the COVID-19 pandemic, following the successful sale of the brand new 90,500-square-foot Bay Area Commerce Center III – Longard in late March.
CHI has developed more than 450,000 square feet of industrial space across three properties in Livermore and is starting construction on Phase I
