Central Valley Bulk Industrial Market Heats Up

MODESTO, CA-Indianapolis-based Duke Realty has closed on its purchase of 1000 Oates Court, a 726,299-square-foot warehouse distribution building here in Modesto, CA. The building was purchase from HRC Modesto LLC.

Kevin Ahaesy, Jason Ovadia and Bob Taylor of Jones Lang LaSalle handled the transaction, working with Chris Burns, AVP of acquisitions for the Western Region of Duke Realty. And while no further terms of the deal could be disclosed, Burns points out that “Northern California’s Central Valley continues to attract strong credit tenants looking for class A bulk distribution facilities and remains a key target for our Western portfolio.