FREMONT, CA—The Momentive Specialty Chemicals' industrial site will be redeveloped to a new state-of-the-art warehouse project. Prologis has purchased the 33.06-acre property, an infill site was one of the few remaining large developable industrial zoned sites in the Bay Area. 

The previous plant was shut down in 2013 after 70 years of operation, and the site was then cleared. CBRE's Doug Norton and Michael Walker were engaged to advise Momentive during the decommissioning and then for the sale of the site on Momentive's behalf. Under the new ownership of Prologis, the site will be developed into two Class A logistics buildings totaling approximately 354,540 square feet and 269,380 square feet. The project is scheduled for completion in the fourth quarter of 2015.

“The market has been rapidly absorbing these last remaining large industrial sites. With other notable companies quickly leasing newly constructed properties in southern Alameda County such as Living Spaces, Pivot Manufacturing, Japan Foods and Amazon Fresh,” Norton said. “Prologis' new project will provide the market with extremely well-designed buildings meeting the needs of industrial users requiring the utility that only the newest construction can provide.”