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US industrial investment wave extends to California's Bay Area

WPT Capital shells out $130 million for Richmond warehouse portfolio
WPT Capital Advisors paid $132.5 million, or about $258 per square foot, for three warehouses that are part of the Pinole Point Business Park in Richmond, California. (CoStar)
WPT Capital Advisors paid $132.5 million, or about $258 per square foot, for three warehouses that are part of the Pinole Point Business Park in Richmond, California. (CoStar)
By Rachel Scheier
CoStar News
November 12, 2024 | 11:14 P.M.

A trio of warehouses in the East Bay have sold for more than $130 million in the latest sign that investors are warming to industrial deals following a post-pandemic lull.

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