Newark’s Cherry Logistics Center will soon be transformed into a state-of-the-art LEEDs distribution facility, according to a press release.
The proposal to redevelop the 29-acre center into a 575,000 square-feet distribution facility is a result of a partnership between American Realty Advisors and McShane Development Co., a press release from Chicago-based McShane Real Estate states.
Officials say they anticipate the center will be open for occupancy during the fourth quarter of 2013.
The Cherry Logistics Center is an industrial site located at 38811 Cherry St., within one mile of Interstate 880 off Mowry Avenue and within a block of the Silliman Activity and Family Aquatic Center.
The San Francisco Business Times reported that the existing 250,000-square-foot industrial building that sits on the land will be torn down.
The redevelopment includes plans to create a clearance height of 32 feet, build 120 dock high doors and ensure there is space for excess truck trailer parking.
American’s Chairman and CEO, Stanley L. Iezman said in a press release that once renovated, the Cherry Logistics “will benefit from robust demand growth over the near- and long-term as the San Francisco Bay Area is the global leader in technology and innovation” and that the facility’s proximity to major freeways gives it an advantage.
Iezman added, “As the existing warehouse inventory is older and inefficient, we expect this state-of-the-art logistics facility to fill the growing needs and requirements for increasingly sophisticated local and regional distributors.”
John A. Dobrott, President/Industrial Division of McShane Development Company added that the plans offers flexibility in order to fulfill the needs of either one tenant or multiple tenants to lease space in the center.
For more information about the Cherry Logistics Center, contact William Lu, Senior Development Manager at McShane Development Company, at 949-253-2404 or via email at wlu@mcshane.com.
For more information about American Realty Advisors, visit www.americanreal.com. For information about the McShane Development Company, visit www.mcshanerealestate.com.
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