SAN FRANCISCO-Signaling continued strong demand for industrial space in the San Francisco Bay Area, Westcore Properties successfully secured lease agreements with four companies totaling more than 107,000 square feet and 16 years of leasing commitments.
The four companies that signed leases in Westcore Properties’ Union City and Livermore locations are Core-Mark International Inc., Strapack Inc., Masterpiece Cookies and Bauer Pacific Imports LLC. The agreements range from three years to more than five years each.
Core-Mark International, one of the largest distributors of packaged consumer products in North America, signed a new 36-month lease for 25,878- square-feet of industrial space at 33508 Central Ave., Union City, CA. Also signing a new lease at the Central Avenue location was Strapack Inc., a manufacturer of high-quality strapping machines and materials. Strapack signed a 64-month lease agreement for 29,964-square-feet of space.
Masterpiece Cookies, a manufacturer of frozen cookie dough and baked cookies for food service and fundraising, agreed to a lease renewal for 26,100-square-feet of industrial space for 64 months. The agreement keeps the organically certified company under contract for next half decade at the Greenville Business Center at 174 Lawrence Dr., Livermore, Calif. In the same building, Bauer Pacific Imports, a wholesale distributor for costume accessories and party decorations, renewed a 36-month lease for 21,600-square-feet of industrial space.
Westcore Properties owns 2.5 million-square-feet of commercial property in the San Francisco Bay Area. Westcore Properties has owned the Central Avenue industrial building since 2012 and the Greenville Business Center building since 2011.
Brokers for the new lease agreements at the Central Avenue location included Cliff Fincher of Lee & Associates on behalf of Core-Mark, Kate Webster of CTBT on behalf of Strapack, and Mark Maguire and Kevin Hatcher of Colliers International on behalf of Westcore Properties. Brett Holden and Sean Offers of Lee & Associates represented Westcore Properties in the two lease renewals at the GreenvilleBusiness Center building.
“We were pleased to find new space solutions fitting the requirements of two new clients and renewed commitments from two of our existing partners,” says Don Ankeny, president & CEO at Westcore Properties. “The property locations have immediate access to three of the most populated cities in California and the close proximity to international ports provides a gateway for their global shipping needs. We look forward to assisting our tenants through hands-on property oversight, responsive service and quality maintenance.”