RESEARCH AND DEVELOPMENT, FLEX, & OFFICE

Industrial assets aimed at the needs of the technology sectors and/or some light manufacturing activities are termed Research & Development (R&D) or sometimes Flex assets. These assets are less than or equal to three stories and at least 25% but less than 75% of the net rentable area is 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.