24Seven Enterprises, a logistics and distribution solutions company, has leased a 404,950-square-foot warehouse space at North Bay Logistics Center, an 843,000-square-foot facility in Vacaville, Calif. Cushman & Wakefield represented both the landlord, LDK Ventures, and the tenant in the leasing transaction.
24Seven is the parent company of Vingo LLC and Pack n’ Ship Direct. The new space will house operations for the two business lines. The remaining 434,000-square-foot space is occupied by Serena & Lily.
Located at 700 Crocker Drive, the industrial building is alongside Interstate 505 and near Interstate 80, which offers access to San Francisco and the Bay Area. Moreover, the facility is around 32 miles from downtown Sacramento and roughly 36 miles from Sacramento International Airport.
Built in 1975, North Bay Logistics Center is positioned on 124 acres. The building features 40 dock doors upgraded with lights and hydraulic levelers and eight additional knock-out dock doors, four grade doors, 23- to 36-foot clear height, sprinklers and climate-controlled areas. Besides these, the industrial facility has upgraded elevation, newly painted exterior and interior walls, new entry and monument signage, upgraded store fronts and new offices to suit.
Managing Director Brooks Pedder, Executive Managing Director John McManus and Executive Director Tony Binswanger of Cushman & Wakefield represented the landlord in the transaction, while Pedder, with Director Scott Bertrand, also of Cushman & Wakefield, worked on behalf of the tenant. At the beginning of June, Cushman & Wakefield negotiated three office leases At Sabre Center I in Boca Raton, Fla.