RESEARCH AND DEVELOPMENT, FLEX, & OFFICE

Industrial assets aimed at the needs of the technology sectors and/or partial light manufacturing activities are termed Research & Development (R&D) or from time to time “Flex” assets. These assets are typically 50,000 to 200,000 square feet. Other attributes include heights of less than or equal to three stories, at least 25 percent with less than 75 percent of the NRA demised or planned as office space or highly improved, and a parking ratio greater than or equal to 2.5 to 1.

7000 Gateway Blvd, Newark, CA Purchase - CAM identified an opportunity to acquire a research and development facility located in Newark, California totaling approximately 70,000 square feet which was fully-leased to a credit tenant on a short-term basis. The property was an attractive and functional 24 foot clear building constructed in 1996 comprised of approximately 40% office and 60% warehouse, assembly and fulfillment area.

601, 651, 701, 751 Canyon Dr, Coppell, TX Purchase - CAM identified an opportunity to acquire a four building portfolio located in Coppell, Texas totaling approximately 165,000 square feet that was 85% leased on a short-term basis at the time of acquisition. The sale included a contiguous 6 acre parcel of developable land that fronted a major freeway.