Black Creek Group to Double Northern California Footprint

Black Creek Group, a Denver-based real estate investment manager and sponsor of non-traded alternative investment programs, has released details on eight industrial developments in the Greater Bay Area that will nearly double the company’s Northern California holdings, which as of June 30, 2018 totals approximately 3.3 million square feet.

Black Creek Group, a Denver-based real estate investment manager and sponsor of non-traded alternative investment programs, has released details on eight industrial developments in the Greater Bay Area that will nearly double the company’s Northern California holdings, which as of June 30, 2018 totals approximately 3.3 million square feet.

The projects are a combination of logistics, distribution and light industrial, and include 618,000 square feet of completed buildings, 1.3 million square feet currently under construction, and 1.1 million square feet that is entitled and scheduled to commence in the first quarter of 2019.

The Northern California projects include the Alvarado Commerce Center in San Leandro (approximately 155,000 square feet), Hayward Logistics Center in Hayward (approximately 507,000 square feet), Richmond Logistics Center in Richmond (approximately 188,000 square feet), Silicon Valley Industrial Center in San Jose (approximately 156,000 square feet.), and Tracy Distribution Centers III-VI in Tracy (four buildings ranging from approximately 383,000 to 611,000 square feet).

Black Creek Group has purchased or developed approximately $18 billion of investments over its 25-year history, including office, industrial, retail and multifamily. The company’s investment programs include the Black Creek Diversified Property Fund, Black Creek Industrial REIT IV, and Industrial Property Trust.

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