STOCKTON, CA—Commercial real estate services firm Cushman & Wakefield, Inc. and Gilbert Commercial LP have completed a 312,000-square-foot lease renewal on behalf of Prime Distribution Services at 1919 Boeing Way in Stockton, Calif. Prime Distribution, a provider of warehousing, cross-docking, packaging and multi-vendor freight consolidation services, was represented by Andrew Briner of Cushman & Wakefield’s Oakland office and John Gilbert with Dallas-based Gilbert Commercial LP. Landlord LBA Realty was represented in-house by Don Shaver.
“After evaluating alternative options throughout Northern California, reaching an agreement to stay in their current facility proved to be the most efficient solution for the company’s immediate space requirements,” said Briner.
The single-story industrial building at 1919 Boeing Way totals 546,000 square feet on 29 acres and is presently 100 percent leased. The Northern California property is situated adjacent to I-5, “the main trucking artery on the West Coast stretching from Mexico to Canada,” according to Briner. “This facility’s proximity to I-5 and other major interstates enables PDS to continue to provide superior results to their clients.”
“The Central Valley distribution market continues to show signs of recovery, particularly for larger buildings. With only three existing buildings in San Joaquin County that can accommodate a 400,000-square-foot requirement and only one that can accommodate a 500,000-square-foot requirement, users continue to have limited options for large blocks of space.”