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3/18/26
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In a Fresno industrial buy, Graceada Partners purchased Shaw Commerce Center, a 398.1k sf, shallow-bay industrial portfolio located at 4603 N Brawley Ave and 4055-4069 W Shaw Ave. The asset, consisting of six structures over 22.6 acres, was sold by EastGroup Properties.
The buildings range in size from 22.5k sf to 111.2k sf and are occupied by 25 unique tenants with spaces ranging from 6k sf to 50k sf. The property was 94% leased with a weighted average remaining lease term of 2.5 years and in-place rents approximately 13% below current market levels at time of sale, providing significant embedded upside potential.
Newmark Executive Managing Director Andrew Briner, Associate Director Aaron Banks, Co-Head of U.S. Capital Markets Kevin Shannon, Vice Chairman Ken White and Associate Director Luke Easton represented EastGroup Properties in the transaction.
“The sale of Shaw Commerce Center reflects the continued demand for high-quality, shallow-bay, infill industrial product in Central California,” said Banks. “The portfolio’s functional design, diversified rent roll and embedded upside offered a compelling investment profile that resonated with prospective buyers and drove a competitive process.”
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