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8/01/16
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Yandell Truckway, a third-party logistics firm, recently signed a renewal expansion agreement for 318k sf of industrial space in Benicia. The firm uses the space for its Santa Clara Warehouses division.
Santa Clara Warehouses renewed its full-building, 261k sf space at 363 Industrial Way. The company has occupied that property since around 1998. At nearby 360 Industrial Court, Santa Clara Warehouses has committed to an additional 57k sf, which will accommodate its headquarters relocation from Pleasant Hill.
Tony Binswanger and Brooks Pedder with Cushman & Wakefield represented Santa Clara Warehouses in both long-term transactions. The same team, along with their colleague Bo Harkins, repped the landlord, GLP, in both deals.
“Yandell Truckway has been in business for more than 70 years and, with its Santa Clara Warehouses operation, has amassed a significant industrial real estate footprint,” noted Binswanger. “Maintaining this company’s headquarters presence regionally is a big win, as is finding ways to accommodate its growth along the Solano/Napa/Contra Costa corridor, where the vacancy rate has dipped below 5 percent.”
Binswanger’s and Pedder’s relationship with Santa Clara Warehouses dates back to the mid 90s. Over the years, the team has completed 15 transactions totaling more than 1.5 msf on the company’s behalf.
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