(EDITOR’S NOTE: The lease for the light industrial space was for 20,550 square feet, lasting 122 months.)
Walnut Creek (June 19, 2019) – TRI Commercial/CORFAC International announced today it has secured a lease for the entire building located at 1910 Fairway in San Leandro to long term Oakland tenant General Bottle Supply, a west coast bottle distributor. Edward F. Del Beccaro, executive vice president and East Bay regional manager, and Jaimi Trunick, industrial associate, represented the landlord, Ray and Liz Gallagher. The Gallagher’s, owners and entrepreneurs, are most recognized for the popular Bay Area restaurant chain, Scott’s Seafood. General Bottle Supply was represented by Kolby Mitnick of Townsend Commercial.
“Despite rising industrial rents Bay Area-wide, we still see a number of traditional warehouse tenants wanting to remain and continue doing business in the East Bay. The warehouse property is a rare find, well-located with over an acre of paved and lit yard,” said Del Beccaro.
According to Del Beccaro, the San Leandro submarket has become increasingly popular with technology and maker-tech tenants over the past several years with the expansion of its broadband network through Lit San Leandro. Historically warehouse and light manufacturing tenants propagated the area as a secondary ring outside to Oakland’s main distribution and manufacturing hub. However, with Oakland rents more than 10% higher, many of these tenants are looking elsewhere but still seeking functional space close to main highway trucking arteries and the Port of Oakland. The San Leandro warehouse market currently sits at a 6% vacancy rate.
About TRI Commercial/CORFAC International
Founded in 1977, TRI Commercial/CORFAC International is a leading Northern California commercial real estate brokerage and property management firm (with more than 4 million square feet of commercial property under management) specializing in San Francisco, East Bay and the Sacramento Metro property markets. The company has expertise in tenant and landlord representation services and helps clients buy and sell commercial and investment-grade property. The company serves office, retail, and land, multifamily and industrial property sectors, with offices in San Francisco, Walnut Creek, Oakland, Roseville, Sacramento, and Rocklin. For more information, visit www.tricommercial.com.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. For more information on CORFAC’s International presence, visit www.corfac.com.
View the article on The Registry here.