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Acquired by PS Business Parks in June 2018, Northern Virginia Industrial Park and Fullerton Road Industrial Park is located in Springfield, Virginia. The portfolio consists of 19 buildings totaling 1.1 million square feet situated on 65 acres of land. The portfolio is 76% occupied with an average customer size of 6,800 square feet.
The 19 buildings are strategically located near major commuting routes I-95, I-495, Route 1, and the Fairfax County Parkway, and situated within the Springfield/Newington industrial submarket where PSB already owns three industrial parks totaling 606,000 square feet with an historical average occupancy of 95% since 2000. Combining the new parks with the Company’s existing parks creates an industrial portfolio totaling 1.7 million square feet. With a healthy 11 % submarket concentration and suite sizes ranging from 1,200 to 30,000 square feet, NVIP is positioned to meet a variety of customer and business needs.
Acquired by PSB in December 2013, Bayshore Corporate Commons (BCC) offers more than 340,000 square feet of office space in 8 buildings. BCC offers a variety of office suite options ranging from 200 to 20,000 square feet. BCC is located on the San Francisco Peninsula in San Mateo, CA. BCC is close to the US-101 and SR-92 freeways, the San Mateo Bridge, Caltrain Corridor and is within 30 minutes of San Francisco, San Jose and the East Bay.
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