Lowenberg made its debut this week in Sonoma County, snapping up a Dr. Pepper Snapple Group-leased industrial property at 2200-2240 South McDowell Blvd. We got Cushman's George Eckard to tell us more about the buyer. Lowenberg is a regional private investor that owns in the Napa area, East Bay, and now Petaluma. He says interest was very good from local and regional investors. Petaluma is not traditionally a market that national institutional investors find of strong interest, George tells us. They look more toward major logistics hubs; in our market, that includes Oakland, Hayward, Fremont and Newark. Cushman repped both sides; the seller was an affiliate of PB&J Acquisitions and Investcorp. Thermo Fisher Scientific is the other tenant in the 186k SF property, with the remaining 46k SF being marketed for lease by Dowling and Sarno.
Sign up for more articles like this
Subscribe to Bisnow's San Francisco Newsletters
Related Stories
)
)
)
)
)
)
)
)
)
)
)
)