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Overton Moore Properties Announces The Sale Of The Crossings @ 880 To Black Rock Realty Advisors

Fremont, CA – Overton Moore Properties (OMP) is pleased to announce the sale of The Crossings @ 880.  The property was purchased on behalf of an account managed by BlackRock Realty Advisors. The Crossings @ 880 represent three state of the art industrial/advanced manufacturing buildings consisting of 690,796 square feet located in Fremont, CA.  Completed in the 1Q 2015, the project offers best of class features in the marketplace with unparalleled freeway access and visibility along the I-880 Freeway. The project developed by OMP in partnership with LaSalle Investment Management was completed earlier this year and is one hundred percent leased to quality tenants with long term leases.

 

The overall development included restoring wetlands, completing Fremont Boulevard to Dixon Landing at the 880 freeway and extending the San Francisco Bay Trail. “The Crossings @ 880 will always be known as the premier industrial location in the East Bay Market. We were delighted to have selected BlackRock Realty since we’ve had a long standing relationship with their company”, noted Timur Tecimer, CEO of OMP.

 

The sale was handled by Rob Shannon and Darla Longo of CBRE.

 

OMP, formed in 1972, is one of the largest developers in Los Angeles County. The privately held real estate company specializes in development, acquisition, master planning, asset management, property management, marketing, construction management and financial reporting of commercial properties in California and Arizona.  OMP has developed or acquired over 36 million square feet of office, industrial and mixed-use space throughout California and Arizona.