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April 17, 2021
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BentallGreenOak Buys 600k sf Bay Area Warehouse Property


BentallGreenOak purchased North Bay Logistics Center, a 607.2k sf, fully net-leased distribution warehouse in the San Francisco Bay Area city of Fairfield. The price was not disclosed.

North Bay Logistics Center was completed in 1995 and contains the state-of-the-art features found in modern, cross-dock logistics facilities, including functional tenant space with 30-foot clear height, wide column spacing, ESFR sprinklers, 56 dock-high doors, eight grade-level doors, ample truck and trailer parking and low office finish.

Situated on more than 28 acres, North Bay Logistics Center is within a mile of the convergence of Interstates 80 and 680 and CA-12, providing a central location to the entire Bay Area and Sacramento’s growing population of more than 7.7 mil residents. The property has easy access to the area’s critical infrastructure, including the Ports of Richmond, Oakland and Stockton and Oakland, San Francisco, Sacramento and San Jose International Airports.

Mark Detmer, Ryan Sitov, Andie Fezell, Matt Bracco and Glen Dowling with JLL Capital Markets Investment Sales Advisory represented the seller in the deal. Bruce Ganong, Alex Witt, Tom Gilliland and Lauren Mezzanotte, also with JLL, arranged financing for the buyer. JLL’s Tracy Scifo is leading the property management team for the property.

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