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HAYWARD, CA- Falcon Global Distribution is expanding its recently relocated Northern California headquarters and distribution facility. The subsidiary of Boston-based Falcon Global Eagle leased 89,000 square feet of a 120,000-square-foot building at Whipple Business Park back in June in a move from Union City. This month it opted to take over the remainder of the building, according to an announcement from Colliers International.

Local industry sources tell GlobeSt.com the overall 120,000-square-foot commitment is for five years and that the value of the lease is approximately $2.8 million, which works out to approximately $0.38 per square foot per month. The listing brokers in the deal, Colliers SVPs Greig Lagomariso and Casey Rockson, declined to confirm the information through a spokesperson.

Owned by Morgan Stanley, Whipple Business Park is a four-building development located on the south side of Hayward, near I-880. Falcon Global’s building is located at 1083 Whipple Rd. Other available space in the park includes 1029 Whipple Road, a divisible 84,000-square-foot building, and 1063 Whipple Road, a 48,000-square-foot building.

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