24Seven Taking Occupancy of 405,000 SF at North Bay Logistics Center- Transaction Ranks among North Bay’s Largest-Ever Wine Leases

VACAVILLE, Calif., June 25, 2019 – Cushman & Wakefield announced today that 24Seven Enterprises, a leading edge logistics and distribution solutions company, will soon be taking occupancy of 404,950 square feet of warehouse/distribution space at the North Bay Logistics Center in Vacaville, California. Signed earlier this year, 24Seven, the parent company to VINGO, LLC and recently acquired Pack n' Ship Direct, agreed to a long-term lease for its new facility that will house the operations for the two business lines. Owned by LDK Ventures, the North Bay Logistics Center is located at 700 Crocker Drive and features more than 843,000 sf of contiguous warehouse in Vacaville, a growing distribution hub, and ranks among the largest single-building distribution facilities in Northern California. Brooks Pedder, SIOR, John McManus, CCIM, and Tony Binswanger, SIOR with Cushman & Wakefield represented the landlord in the transaction, with Pedder and Scott Bertrand also of Cushman & [...]

Scannell Properties Acquires 183,000 SF North Bay Industrial Project for $26.45 Million

PETALUMA, Calif., June 21, 2019 – Cushman & Wakefield announced today that the firm has advised the sale of a 183,000-square-foot multi-building industrial portfolio in Petaluma, California for $26.45 million. The transaction closed in April. The seller consisted of a pair of private individuals who formerly operated their business, Sistema Plastics, at the entire project located at 755-775 South Point Blvd. The buyer was Indianapolis-based Scannell Properties. Trevor Buck, Steven Leonard and Brian Foster with Cushman & Wakefield’s North Bay office represented both buyer and seller in the transaction. The trio was also retained by the buyer to perform leasing services. “At the time of sale both buildings were fully vacant to which the portfolio had represented the largest industrial lease opportunity in the North Bay; however, already since the date of sale, we have swiftly closed two significant lease transactions in the project, and are currently in negotiations for [...]

The Companion Group Relocating Industrial Operations from SF Bay Area to Sacramento

Photo Source: CoStar SACRAMENTO, Calif., June 20, 2019 – Cushman & Wakefield announced today The Companion Group has signed a new lease that will move the company’s long-time industrial operations once housed in the San Francisco East Bay Area northbound to Sacramento, California. The Companion Group, a leading manufacturer of barbecue tools, accessories, and other products for cooking outdoors, will be relocating from Hayward into 100,800 square feet (sf) of warehouse/distribution space in the city of Woodland. The Companion Group, whose existing Hayward lease was set to expire in approximately one year, has been part of the East Bay community for more than three decades. Industrial specialists Kate Woodcox and Michael Harris with Cushman & Wakefield’s Oakland and Sacramento offices represented the tenant in the transaction. “With a higher cost industrial rental environment in the Bay Area, this was a prudent business decision by The Companion Group to [...]

Cushman & Wakefield Advises Sale of 40-Acre Site in Petaluma for $20.1 Million for New Planned Development

PETALUMA, Calif., June 19, 2019 – Cushman & Wakefield announced today that the firm has advised Silicon Valley-based Bay West Development in the sale of 40 acres of undeveloped land in Petaluma, California for $20.1 million. Located at 500 Hopper Street, Bay West had originally purchased the vacant industrial-zoned property in 2016. The buyer was Indianapolis-based Scannell Properties, whose official plans for their new development project have yet to be announced. Trevor Buck, Steven Leonard and Brian Foster with Cushman & Wakefield’s North Bay office represented the seller in the transaction. “We marketed this property as an industrial build-to-suit opportunity to a wide audience of buyers and we received strong interest from a number of different investors and developers, even outside the scope of industrial,” said Trevor Buck, Executive Director. “Scannell proved to be an ideal buyer for this sought-after property given their experience and knowledge of the local area, [...]

Cushman & Wakefield Welcomes Steve Dunn to Central Valley Industrial Team

Steve Dunn has joined Cushman & Wakefield as a Senior Director in Stockton, California. Steve will be part of the Central Valley Industrial Team, working alongside the firm’s Blake Rasmussen, Kevin Dal Porto and Tyson Vallenari. Steve brings more than 25 years of experience managing multi-million dollar businesses and projects tied to the development and construction industry. As past President for the last seven years of Cal Sierra Pipe, LLC, a steel pipe distributor servicing the Western United States, Steve managed the overall operation of a 20 person staff, exceeding $20 million in annual revenue. Prior to his presidency with Cal Sierra Pipe, Steve enjoyed more than 20 years of experience as an executive in the General Engineering/Heavy Construction Industry with Preston Pipelines, DSS/Knife River Construction and Grupe Development. Steve also has been instrumental in the overall project success of over $200 million in the construction of Residential Subdivisions, Commercial [...]

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 [...]

Hackman Capital Partners Expands Toe-Hold in East Bay with Purchase of 6th Building in Emeryville

(PRNewsfoto/Hackman Capital Partners, LLC) Sept. 10, ­­2018 -- Hackman Capital Partners, LLC, a Los-Angeles based real estate investment and operating company, announced today the purchase of 1300 64th Street in Emeryville, California. The property, which includes a 25,138-square-foot building and off-street parking lot, follows on the heels of the company's acquisition of a five-building portfolio, known as Emeryville Exchange, in June. Five of the now six buildings, including the recent purchase, are situated in Jelly Bean Square, which takes its name from the largest building's roots as the former Jelly Belly distribution center. The sixth building, called the Thoroughbred Building, is located approximately 10 blocks south of the square at 1250 53rd Street. "We're thrilled to be expanding our presence in this dynamic East Bay market," said Matt Landstrom, Vice President of Acquisitions for Hackman Capital. "With high demand and limited supply, Emeryville is quickly growing and evolving." According to Landstrom, the building at 1300 64th Street, [...]