VACAVILLE, Calif., September 21, 2018 – NorthBay Logistics Center has signed its first tenant, Serena & Lily. The nationwide furniture and home goods retailer will occupy 434,000 square feet of warehouse and office space, beginning February 2019. The building is located at 700 Crocker Drive, in Vacaville, California.
This is the first lease transaction to occur since LDK Ventures and PCCP, LLC acquired the warehouse project together in October 2017. NorthBay Logistics Center consists of 840,000 total square feet of warehouse space on 70 acres, with ample truck staging and dock loading positions and visibility from Highway 505.
“We are thrilled to welcome such a well-established brand as Serena & Lily to NorthBay Logistics Center, as its first tenant,” said Denton Kelley of LDK Ventures. “It’s a pleasure to do business with and in the City of Vacaville. The center’s proximity to critical transportation hubs such as ports and international airports, paired with the amenities we’ve built into the space, will best support them and future tenants, while allowing them to simultaneously grow their operations.”
“We’re very pleased to see businesses of a high caliber like Serena & Lilly come to our community,” said Vacaville Mayor Len Augustine. “Serena & Lilly is well-known throughout the Bay Area and beyond and we’re more than happy to welcome them to the Vacaville community.”
The NorthBay Logistics Center is the first LDK Ventures project in the City of Vacaville. The leased space will serve as a Northern California distribution center for Serena & Lily and the lease was negotiated between Lee & Associates and Cushman & Wakefield (Brooks Pedder, Tony Binswanger and John McManus).
“Serena & Lily is excited to continue the next phase of our growth in partnership with LDK Ventures and PCCP, LLC,” said Brett Hilton, Serena & Lily’s Senior Vice President of Finance and Operations. “We are pleased to be able to retain our distribution center logistics in Northern California, where we were founded and remain to be headquartered. We look forward to servicing our customers’ desires for home décor and furniture out of this new facility.”
About LDK Ventures
LDK Ventures, LLC (LDK) is an entrepreneurial real estate development and investment company. The LDK team has significant experience in the development of master-planned communities, “brownfields,” adaptive reuse, mixed-use and industrial projects. LDK also has a history successfully acquiring value-add and distressed real estate investment opportunities.
About Serena & Lily
Founded in 2003, Serena & Lily brings a sophisticated coastal aesthetic to home décor. With its mix of original and curated designs, Serena & Lily empowers customers to discover their own personal style and express it with confidence.
Anchored by color, pattern, and craft, the brand’s categories include bedding, rugs, pillows, wallpaper, custom furniture, dining chairs, outdoor, and lighting. Their eight design shops in San Francisco, East Hampton, Los Angeles, Westport, Newport Beach, Atlanta, Summit and Chicago reflect the individual spirit of each location, giving each store a unique flavor while offering customers the opportunity to experience Serena & Lily products in a variety of settings.
The company is headquartered in Sausalito, California. Please visit serenaandlily.com for more information or to explore the collection.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.