Prologis has Northeast Industrial Tracy 6, an industrial facility of 283,713 square feet in Tracy, California, sold for $ 42.4 million, according to Yardi Research Data. LBA Realty acquired the Central Valley Asset.
Prologis previously acquired the active in January 2002 from Seagate Properties Inc., in a portfolio transaction with two buildings that amounted to a total of $ 20 million in total $ 20 million. The other building was a warehouse of 275,000 square feet in Modesto, Calif.
The tenant schedule of the building includes restoration hardware, according to Yardi Research Data. The building is located on 13 hectares and has 45 docking loading doors.
The facility built in 1999 is located on 2900 N. MacArthur Drive, near Interstates 205 and 580. Downtown San Jose, California, is 74 miles away, while Oakland International Airport is 61 miles east.
Prologis currently has 45 properties of a total of more than 23 million square feet in Central Valley, with another 1.5 million under construction. The company has around 1.3 billion square feet in 20 countries worldwide.
In the US, Prologis acquired an Activum of 600,000 square feet in South Brunswick, NJ, in March. Arc Realty sold the warehouse for $ 166.8 million. In the same month, the company also sold an Activum of 458,620 square foot in Melrose Park, Illinois, to a manufacturer who previously rented the space.
The recent major deals of Central Valley
The industrial investment activity of Central Valley was $ 762.5 million to date until August, with 30 properties that change hand, according to Yardi research data. The assets amounted to a total of 9 million square feet.
EQT Real Estate acquired an industrial portfolio of 2 million square feet in Manteca, California, through its industrial value Fund VI, in what was the largest deal in the market this year. Centerpoint Properties sold the four warehouses.
In March, Centerpoint sold a 935,120 square foot facility in Lathrop, California. A private investor paid $ 85 million for the 2003-Voltoode, 50-hectare active active.
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