X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN FRANCISCO-Catellus Development Corp., a San Francisco-based real estate development firm, has signed a long-term lease with Ford Motor Co. in Manteca.

Ford will occupy a 608,000-sf, build-to-suit distribution facility at Spreckels Park in Manteca, which is located about 75 miles east of San Francisco, for 10 years. Construction of the center has started and the company expects to be able to move in by next spring.

The value of lease remains confidential. Spreckels Park is a 250-acre business park, which includes anchor tenant, Home Depot.

“We are extremely pleased to have Ford Motor Co. as a new customer,” says Catellus CEO Nelson C. Rising. “Including this new lease with Ford, Catellus has signed over 3.3 million square feet of new build-to-suit transactions in 2001, with 2.4 million square feet being built on land we purchased over the last 18 months.”

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.