Recent and Current Projects

DECOTO BUSINESS PARK   This 126,440 sq. ft. project was completed in July 2002.  The project included four buildings, ranging in size from 22,000 sq. ft. to 42,000 sq. ft.  The last building was sold in November 2003.

YOSEMITE BUSINESS PARK   Construction of this 163,000 sq. ft. building business park in Milpitas, commenced in January 2001.  Four of the six original buildings have been sold.  These buildings are located on Yosemite Drive and Sinclair Frontage Road in Milpitas.

FLEMING BUSINESS PARK   In December 1996, WPI acquired the 70-acre Fleming Business Park in Milpitas.  Located at the intersection of Interstate 680 and Montague Expressway, this project initially consisted of 693,000 sq. ft. of fully leased distribution/manufacturing space.  The first phase of new development on the project consisted of 452,000 sq. ft. of industrial/distribution space in five new buildings.  The first phase was completed in May 1998.  Three of these five new speculative buildings were leased on or before completion of construction.  The second phase of 102,000 sq. ft. of industrial/warehouse was completed in January 1999.  The remaining 228,000 sq. ft. of office/R&D space was completed in August 2000 and subsequently sold to Cisco.  The project is currently 100% leased.

FREMONT BUSINESS PARK   This project totals approximately 165,000 sq. ft., and is comprised of four new buildings, which were available for sale or lease.  All four of the buildings were pre-sold in mid 1998.  This project is located on Encyclopedia Circle in Fremont, ˝ mile west of Interstate 880 via Stevenson Boulevard.

MISSION PEAK BUSINESS PARK   In 1997, WPI completed construction on two buildings, which were pre-sold, totaling approximately 70,000 sq. ft.  These buildings are located in Fremont, at the intersection of Hotchkiss and Boggs, within close proximity to Interstate 680 and Interstate 880 via Mission Boulevard.

ADDITIONAL RECENT TRANSACTIONS   In May 2006, WPI acquired a 91,387 sq. ft. three building project on Cabot Blvd., in Hayward.  These buildings are being renovated and are currently 56% occupied.  In October 2000, the principals of WPI acquired a 214,200 square foot warehouse/manufacturing facility in Hayward.  This building is currently 100% leased to Morgan Advanced Ceramics.  In June 2000, WPI acquired a 13,800 sq. ft. R&D/Manufacturing building in Mountain View.  This building has been completely renovated and leased.  In May 1998, WPI purchased a 45,480 sq. ft. industrial facility on 5 acres at 737 Montague Expressway in Milpitas.  This facility was sold in January 2005 to Citation Homes.  In January 1997, WPI acquired an approximate 6-acre site with a 35,000 sq. ft. vehicle maintenance facility in San Leandro.  Upon close of escrow, this property was immediately leased to Federal Express.

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