SAN JOSE, CA (July 14, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that James Viso, associate, Industrial Group, Nigel Keep, senior associate, Investment Services, and Steve Sprenger, senior vice president, Global Logistics, represented KTR Capital Partners in the purchase of a 12.5-acre, 130-door cross-dock property located at 3255 – 3425 Victor St. in Santa Clara. The property was purchased from a private seller at an undisclosed price.
“This is the largest cross-dock facility in the Silicon Valley South Bay and is well-located near the Mineta San Jose International Airport, making it an excellent investment for KTR Capital Partners,” said Viso.
Used for unloading incoming materials and reloading the product for outbound use with minimal or no storage in between, the property is fully occupied by FedEx Corp., which operates the facilities in combination with the airport to ship, receive and deliver packages.
The property includes 64 dock doors averaging 23,660 square feet in size, and 66 dock doors averaging 19,800 square feet in size, split between two buildings. Additionally, there is a nearly 15,000-square-foot freestanding office building on site.
The property also offers two maintenance buildings offering a total of more than 34,000 square feet of space, including 11 truck bays, a wash rack and a tire storage area.
Contact: Julia McCartney, Phone: 714.975.2230
Email: julia.mccartney@grubb-ellis.com
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