- Thursday, January 28, 2021
- Tracy, CA
News Release: Seefried Industrial Properties and Clarion Partners, LLC, Begin Three-Building Spec Industrial Project in Tracy, CA
Tracy, CA (San Joaquin County) - Seefried Industrial Properties, in a joint venture with Clarion Partners, LLC, have recently broken ground to develop Tracy Logistics Park, a three-building industrial project in East Tracy, CA. Seefried and Clarion originally purchased the 76-acre site back in January of last year for an undisclosed amount.
Located at the northeast corner of Grant Line and Chrisman road in San Joaquin County, the project will total 1,026,800 million square feet of office and warehouse space in three buildings consisting of 210,000 square feet, 507,800 square feet and 309,000 square feet. Together the project will offer tenants the opportunity to occupy space ranging from 20,000 to 500,000 square feet and will appeal to rail-dependent industries and 'flex-tech' light industrial tenants.
Buildings will feature tilt-up construction, clear heights ranging from 32 to 36 feet, 180-185' deep truck courts, 236 trailer spaces combined, ESFR sprinkler systems and ample parking.
Jason Quintel, Senior Vice President, had this to say about the project - "We are very excited to start construction on Tracy Logistics Park. This property represents one of the last remaining large development sites in east Tracy, which is at the heart of the Central Valley warehouse and distribution market. The design and functionality of this project will bring a diverse tenant mix and provide the community much needed job opportunities. We would like to thank the Silva Family, Clarion Partners, Colliers International, and the City of Tracy for their support in making this project a realty."
The project is anticipated for completion the fourth quarter of 2021. HPA has been engaged as the architect; K&W as the civil engineer and Alston Construction as the general contractor.
The Colliers International team of Mike Goldstein and John Steinbuch will lead the leasing and marketing efforts for the new project.
For more information, please contact:
Mr. Jason Quintel
Senior Vice President - Western Region
About Seefried Industrial Properties:
Founded in 1984 by Ferdinand Seefried, Seefried Industrial Properties specializes in the development, leasing and management of industrial real estate in key markets across the U.S. Seefried leases and manages approximately 40 million square feet for its institutional and European clients and has developed, or is in the process of developing, approximately 190 million square feet of space valued in excess of $15 billion across 50+ markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles and Phoenix. For more information, please visit www.seefriedproperties.com
About Clarion Partners:
Clarion Partners, LLC, an SEC registered investment advisor with FCA-authorized and FINRA member affiliates, has been a leading real estate investment manager for over 38 years. Headquartered in New York, the firm has offices in major markets throughout the U.S. and Europe. With more than $56 billion in total assets under management, Clarion Partners offers a broad range of equity and debt real estate strategies across the risk/return spectrum to its more than 400 domestic and international institutional investors. More information about the firm is available at www.clarionpartners.com.