Mega-Industrial Center is Finally a Reality
No other Bay Area site has a single industrial building of this size under development in close proximity of other services that will allow firms to truncate delivery times and lower transportation costs.
FREMONT, CA—While a sizable hunk of land has been mulled over for many uses through the years, none of them stuck. But hope springs eternal and now, Pacific Commons Industrial Center is the Bay Area’s largest distribution building in development. The 814,852-square-foot building recently broke ground at the southwest corner of Cushing Parkway and Bunche Drive.
Conor Commercial Real Estate and American Realty Advisors are the owners and developers, with Conor having purchased the 41.75-acre site from Integral Communities for approximately $58 million, GlobeSt.com learns. CBRE’s Rob Shannon, Chip Sutherland and Doug Norton are marketing the space for lease.
“This the first land of this size in the area to become available in well over 18 months,” Sutherland tells GlobeSt.com. “The site is vacant; no structures were ever built on this site.”
Slated for completion in second quarter 2019, the logistics and fulfillment center will feature 36-foot clear heights, cross-dock configurations, an ESFR sprinkler system, 141 dock doors, 143 trailer parking stalls and flexible office space. The building is designed to achieve LEED Silver certification and will offer 68 electric vehicle charging stations.
“Pacific Commons Industrial Center combines the efficiency of a new, large-scale, best-in-class building with the accessibility of an in-fill location perfectly situated to meet the e-commerce and industrial fulfillment needs of Northern California,” said Shannon. “Nowhere else in the Bay Area can you find a single industrial building of this size under development, not to mention one that is steps away from a complete array of retail services. It’s truly a one-of-a-kind opportunity for a company looking to truncate Bay Area delivery times while lowering transportation costs.”
The building is slightly more than a mile from Interstate 880, less than three miles from Interstate 680 and three miles from the Warm Springs BART station.
“The scarcity of available class-A industrial product, coupled with the locational advantages offered by Pacific Commons Industrial Center will drive the success of this notable development,” remarks John Dobrott, president–industrial, Conor Commercial Real Estate.
Pacific Commons Industrial Center also has a unique pedestrian-friendly environment. A multi-use trail will follow the south and west edges of the property, offering access to open space. The building will be within walking distance of Pacific Commons Shopping Center and its 75 stores, restaurants and entertainment venues.
“Pacific Commons is a ‘Big Space for Big Solutions.’ We see this asset as a premier state-of-the-art logistic facility serving a growing demand for last-mile distribution and ultimately delivering strong value to our investors,” adds Albert Pura, senior director, investment group at ARA.
Pacific Commons Industrial Center is 14 miles from San Jose International Airport, 30 miles from the Port of Oakland and 46 miles from San Francisco. Upon full buildout, the Pacific Commons Business Park will be home to more than 4.4 million square feet of industrial space, making it one of the largest industrial destinations in the region.