Insights

Growing Furniture Seller Hits Logistical Milestone

Central Valley Industrial Warehouse Deal is Marker of Logistics/Expansion Balance

TRI Commercial facilitated a lease for Terra Outdoor Living at 2080/2190 East Miner Avenue in Stockton, CA. Terra Outdoor Living, which sells patio and backyard furniture, recently outgrew its previous warehouse location in Richmond, CA. The new space totals 140,000 SF and provides Terra’s logistics capability additional maneuverability in covering Northern California – cutting off an extra hour in the supply chain to access the growing population of the Central Valley.

 

“As the Bay Area has become more urban and crowded, finding room for large warehouse operations gets tougher,” explained Keith Serne, who represented both Terra and the landlord in the deal. “Geographically, a move to the central valley makes sense for a lot of companies for both economic and logistic reasons.”

 

When prompted to grow, companies’ warehousing operations frequently look for the best bang for their buck without sacrificing mobility and proximity to their workforce and clientele. “Terra Outdoor Living’s search fit a unique category in which the move both served a financial and logistic benefit,” added Kate Wright, the senior broker who oversaw the transaction and represents the property owner’s portfolio of industrial properties. “…And of course the pandemic may have accelerated the process with people sprucing up their homes while spending so much more time in lockdown.”