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| Ryan Martin |
SAN FRANCISCO, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announces $16.08 million in joint venture
equity for the development of Pacific Distribution Center, a
712,130-square-foot, Class A industrial development in the northern California
community of Patterson.
The HFF team worked on
behalf of the developer, Keystone Corporation, to arrange the joint venture
with WPT Capital Advisors.
The $44.7 million
state-of-the-art cross-dock project will feature 36-foot clear heights, 112
dock-high loading doors, 257 truck/trailer stalls, 360 auto stalls, 185-foot
truck courts and office finish to suit.
Situated on a 34.56-acre
land site at 400 Park Center Drive, Pacific Distribution Center is in the
Central Valley industrial market, one of the strongest distribution and
logistical hubs in California. The
property has immediate access to Interstate 5 and near Interstates 205 and 580
in addition to Highways 130 and 99.
The Port of Oakland and
the BNSF/Union Pacific Intermodal Facility are within 70 miles of the property,
and four international airports – San Jose International Airport, San Francisco
International Airport, Oakland International Airport and Sacramento
International Airport – are within 90 miles.
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| Scott Pertel |
The HFF investment sales
team included managing directors Ryan
Martin and Anthony J. Brent
together with senior managing director Scott
Pertel.
“The joint venture of the
Pacific Distribution Center project comes at a time of strong leasing velocity
and an extremely limited supply of large blocks of institutional-quality
space,” Martin said.
“This Class A industrial
development will be in one of the preeminent master-planned parks, Keystone
Pacific Business Park, which provides users faster access to the ports than
virtually all the other central valley submarkets and is in part why Amazon,
Restoration Hardware, Grainger, CVS and Kohl’s among others have chosen this
location.”
Holliday Fenoglio Fowler,
L.P., acting by and through Holliday GP Corp., a real estate broker licensed
with the California Department of Real Estate, License Number 01385740.
For more information on this press release, please
contact:
Olivia Hennessey
Public Relations Specialist
9 Greenway Plaza Suite 700
Houston, Texas 77046
T: 713-852-3403
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