NEWARK, CALIF. – Amazon has leased the Cherry Logistics Center, a 575,000-square-foot industrial facility in Newark, according to industry reports. The distribution facility is located at 38811 Cherry Street. It is situated on a 29.4-acre infill parcel within the East Bay Area’s industrial submarket.
The development is the first sizable speculative industrial facility delivered to the San Francisco Bay Area in the past 15 years, according to Conor Commercial Real Estate and American Realty Advisors. The two companies developed the center through a joint venture. It is also the largest industrial warehouse to be developed and constructed within the submarket.
Amazon’s transaction representsthe largest industrial/warehouse lease deal in the East Bay in more than 10 years. It is also the largest lease deal the Bay Area has seen in more than five years.
The center’s exterior build-out is now underway. The facility is being built to LEED-Silver specifications.
McShane Construction Company and HPA Inc. served as the design-build team for the construction of the speculative industrial property. They will also provide the significant interior tenant improvements currently underway.
The Amazon subsidiary was represented byCushman & Wakefield. The JV was represented by Jeff Starkovich, Jay Hagglund, Sam Higgins, Scott Borgia and Mark Dowling of Cassidy Turley’s Oakland office. Conor Commercial is a member of The McShane Companies.