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5/16/22
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Duke Realty is experiencing significant interest in three new projects in San Francisco Bay Area submarkets. The projects are:
• a 302.8k sf speculative development in San Jose
• a 153.8k sf speculative development in Richmond
• a 157.7k sf industrial facility in Hayward.
Duke Realty’s latest speculative development in San Jose sits on 17.4 acres at 5853 Rue Ferrari. What was two office facilities will now be a modern 302.8k sf industrial facility with 42-foot minimum clear height, 47 dock high doors, 108 truck trailers spaces, 296 cars spaces and will provide up to 12,000 amps of power. The site has excellent access to Hwy 101 and Silicon Valley Blvd and sits just ten miles from downtown San Jose. Listing brokers include Chip Sutherland, Rob Shannon and Ben Knight with CBRE.
The company’s speculative development in Richmond is on 7.9 acres at 731 West Cutting Blvd. Previously, the site was underutilized with three obsolete structures and eight large carbon dioxide tanks. It will now house a 153.8k sf industrial building with 36-foot minimum clear height, 24 dock high doors, 36 truck trailer spaces and 140 car spaces. The site is adjacent to I-580 and has immediate access to Richmond Pkwy, a key trucking route to northbound I-80 — allowing for various access points to the East Bay. Listing brokers include Jason Ovadia, Mike Murray, Patrick Metzger and Greg Matter at JLL.
In December, the company started construction at 24493 Clawiter Rd in Hayward. The planned industrial facility will be 157.7k sf with a 36-foot minimum clear height, 24 dock high doors, 65 trailer parking stalls and 79 car spaces. The project is strategically situated near the San Mateo Bridge and I-880 with access to the Port of Oakland, San Francisco International Airport, Oakland International Airport and is within a 40-minute drive to 80 percent of the Bay Area and the San Francisco Peninsula. Listing brokers are Bob Ferraro, Kevin Hatcher and Chris Van Keulen with CBRE.
All facilities are being constructed to LEED® certification standards — meeting requirements for environmentally sustainable construction and site development, water savings, energy efficiency and construction waste management. These innovative and sustainable facilities are expected to be complete in early 2023. With the addition of these three properties, Duke Realty’s Northern California portfolio is at 4.1 msf.
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