Single-Tenant Flex Building in Benicia Industrial Park Sells for $12 Million Cushman & Wakefield Represents both Parties

BENICIA, Calif., September 24, 2018 – A fully leased 63,108-square-foot flex/R&D building positioned in the Benicia Industrial Park in South Solano County, California has traded for $12 million. The single-story building located at 5500 E. 2nd St. in the city of Benicia is 100% occupied by Bio-Rad Laboratories. Sarkissian Trust acquired the property from Benicia Partners, LLC. Brooks Pedder, SIOR, Douglas Longyear, SIOR, and Tony Binswanger, SIOR of Cushman & Wakefield’s Walnut Creek and San Francisco offices represented both the buyer, with whom they’ve had a close relationship for nearly 30 years, and the seller in the transaction. Mr. Pedder, Managing Principal, Executive Managing Director in Walnut Creek, said, “This was a strong investment property leased to a longstanding, industry-leading tenant who is also one of the largest employers in the Benicia Industrial Park—the largest port-oriented industrial park in Northern California that serves home to several major companies across a [...]

NorthBay Logistics Center Signs First Tenant – Serena & Lily to Occupy 434,000 SF

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 [...]