A Bay Area grill maker is heeding the old adage, “if you can’t stand the heat, get out of the kitchen.” In this case, it’s simmering rental rates that are prompting Nieco Corp. to flee the market.

The San Mateo County-based and family-owned sheet metal fabrication hopes the Sonoma County community of Windsor will provide the relief. The firm is now in escrow to buy 6.62 acres situated near in Windsor, near the Sonoma County Airport.

The land is being purchased from Condiotti Construction. According to Colliers International, industrially zoned land that would cost at least $30 a square foot around Burlingame costs $6 to $8 a square foot in Windsor.

Nieco plans to build an 80,000-square-foot factory with 10,000 square feet of office and R&D space. The company does not plan to move until spring 2002, after the expiration of its current five-year lease.

In addition to lower real estate costs, the outlay by its 75-person workforce should also improve. Housing costs in Sonoma County are significantly less than San Mateo and other counties that encircle the bay.

Keegan & Coppin-ONCOR International is representing Nieco in the purchase transaction. Wright Realty is representing Condiotti.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt. NET LEASE Fall 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.