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November 29, 2017  

New FedEx Warehouse Listed in Calif.

An American Realty partnership is marketing a new FedEx distribution center in Northern California’s East Bay that could fetch just over $400 per square foot.The 237,000-sf warehouse, in Hayward, is expected to attract bids of $95 million. That price would indicate an initial annual yield of just 4.25%, reflecting the intense demand for high-quality, recently built warehouses in top markets.Cushman & Wakefield is representing Los...

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