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5/22/14
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Cherry Logistics Center, a new 575k sf industrial facility situated on a 29.4-acre infill parcel in the East Bay city of Newark was recently completed and is already fully leased. The development, located at 38811 Cherry St, was built by Conor Commercial Real Estate, a member of the McShane Companies, and American Realty Advisors.
Although none of the parties involved with the project is disclosing the tenant, it's been reported, including previously here on RENTV, that the occupant is thought to be Amazon.com.
Cherry Logistics Center is located within the heart of the East Bay Area’s industrial submarket. The property provides convenient access to the I-880 Fwy at Mowry Ave, located just one mile away, and is within five miles of California State Route 84's Dumbarton Bridge.
The development represents the first sizable speculative industrial facility delivered in the San Francisco Bay Area in the past 15 years and is the largest industrial warehouse to be developed and constructed within the submarket.
Cherry Logistics Center was leased to a full-building tenant at shell completion and an extensive interior build-out is now underway representing the largest industrial/warehouse lease deal in the East Bay in more than 10 years and largest in the Bay Area in over five years. The LEED-Silver, cross-dock facility will provide Class A industrial space incorporating 32' clear height, 120 dock doors, full-size truck courts and on-site parking for 175+ trailers. The project was honored as a finalist for Best Green Project and Most Innovative Design by the Silicon Valley Business Journal.
McShane Construction Company and HPA Inc served as the design/build team for the construction of the speculative industrial property and will provide the significant interior tenant improvements currently underway. Jeff Starkovich, SIOR, Jay Hagglund, SIOR, and Sam Higgins, SIOR, from Cassidy Turley’s Oakland office, and Scott Borgia and Mark Dowling of its San Jose and Pleasanton offices, represented the ownership in the lease transaction. Cushman & Wakefield represented the tenant.
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