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NORTHERN CALIFORNIA NEWS
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Duke Realty Moving Forward on Multiple NoCal Industrial Projects

2/25/21

The NoCal office of Duke Realty acquired two recently upgraded industrial facilities in Oakland, 17.4 acres of land in San Jose and 7.9 acres of land in Richmond with plans to redevelop the two sites. The company also plans to build a 346.9k sf, spec development on a 19.8-acre site in Lathrop. Once the projects are complete, Duke Realty’s Northern California portfolio will total more than 4 msf of space.

“Duke Realty continues to invest heavily in coastal markets, specifically on the West Coast, where there is a need for state-of-the-art industrial space and opportunities for infill redevelopment,” said Drew Hess, senior vice president and market leader for Duke Realty’s Northern California and Seattle operations. “Our customers want modern, convenient facilities close to ports, highways and consumers.”

Strategically located in the Oakland/East Bay, Silicon Valley and Central Valley submarkets, the sites have convenient access to major highways, minutes from the Ports of Oakland and Richmond and proximity to Union Pacific and BNSF railways. Most importantly, the projects will be within 60 minutes’ drive time to more than ten million consumers.

Duke Realty recently purchased two adjacent facilities less than three miles from the Port of Oakland and downtown Oakland — 955 Kennedy Street has 119k sf of space and 1905 Dennison Street has 168.5k sf of space. The company also acquired the 17.4-acre site at 5853 and 5863 Rue Ferrari in San Jose with plans to redevelop the site and build a 302.8k sf facility. The planned development will have convenient access to Hwy 101 and Hwy 85 and sits just ten miles from downtown San Jose.

Duke Realty also acquired 7.9 acres at 731 West Cutting Blvd in Richmond adjacent to I-580 and along Richmond Pkwy, a key trucking route that leads west to Marin, north to I-80 and south to I-880. The company plans to redevelop the site and build a 150.1k sf distribution facility.

16825 Murphy Pkwy, Lathrop
16825 Murphy Pkwy, Lathrop
Additionally, Duke Realty has proposed a 346.9k sf spec development on 19.8 acres at 16825 Murphy Pkwy in the highly desirable Central Valley. Not only will the planned development be within one mile of I-5, but it will also be minutes from Union Pacific and BNSF intermodal facilities and 60 miles from the Port of Oakland. Duke Realty will seek LEED® certification for all of its planned developments.





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