At a glance
- James Hwang, MDH's vice president of acquisitions and head of its Los Angeles office, led the deal for the Atlanta-based buyer.
- Hwang said the property was acquired substantially below replacement cost, citing heavy power, excess land with a secured yard and a stabilized tenant in a headquarters manufacturing facility.
- The building sits in the Tri-Valley submarket, an area Hwang said draws demand from Bay Area tech, life sciences and advanced manufacturing users.
MDH Partners bought 5775 Brisa St., a 108,347-square-foot single-tenant industrial building in Livermore, its first acquisition in Northern California, Connect CRE reported Nov. 10.
Terms were not disclosed. Colliers represented the seller. James Hwang, MDH's vice president of acquisitions and head of its Los Angeles office, led the deal for the Atlanta-based buyer.
Hwang said the property was acquired substantially below replacement cost, citing heavy power, excess land with a secured yard and a stabilized tenant in a headquarters manufacturing facility.
The building sits in the Tri-Valley submarket, an area Hwang said draws demand from Bay Area tech, life sciences and advanced manufacturing users. The purchase lifts MDH's California footprint to nearly 1.7 million square feet.
Reported by the Deals desk from Connect CRE. Published . Corrections