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Blockbuster deal sends Northern California industrial hub to top of new investment report

CBRE lists Vallejo/Fairfield as number one market for recent net lease sales
Lonza completed its acquisition of the Genentech biologics manufacturing site in Vacaville, California, in October for $1.2 billion. (Lonza)
Lonza completed its acquisition of the Genentech biologics manufacturing site in Vacaville, California, in October for $1.2 billion. (Lonza)
CoStar News
February 21, 2025 | 5:43 P.M.

A sleepy town halfway between San Francisco and Sacramento was ranked as the number one market in the country for net-lease investment in the fourth quarter of 2024, according to a recent report from CBRE. The top ranking resulted from the purchase of a massive biopharmaceutical campus by a Swiss drugmaker.

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