Product Distributor BlueLinx Takes 120,000 SF
(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)
STOCKTON, CA-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that building product distributor BlueLinx Inc. has leased 120,000 square feet plus five acres of yard area at 1005 Humphries Dr.
Cushman & Wakefield Inc.’s John McManus, executive director in Cushman & Wakefield’s Oakland office, arranged the full-building lease for the firm. The landlord, the Port of Stockton, was represented in-house.
For BlueLinx, the signing represents a relocation of its Northern California distribution center from a company-owned facility in Newark, CA, that was recently sold on behalf of the company by Cushman & Wakefield. The single-story building at 1005 Humphries Drive is rail-served and situated near port facilities.
According to McManus, the firm looked at locations throughout the Bay Area. “The final decision was made on the basis of this site’s prime location and rail service, the availability of enterprise zone incentives and the economics of the transaction.”
In a prepared statement, McManus explains that “The region’s industrial market continues to show signs of improvement. For the past few years, we’ve seen an improvement in the larger availabilities, and that improvement is beginning to trickle down to the smaller spaces as well.”
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