By Jeff Hamann
A joint venture between Conor Commercial Real Estate and American Realty Advisors has broken ground on the 814,852-square-foot Pacific Commons Industrial Center in the Bay Area. The developer anticipates the project will be completed during the second quarter of 2019. A CBRE team will market the speculative development for lease.
Located at the corner of Cushing Parkway and Bunche Drive in Fremont, Calif., the development site is positioned within a mile of the Nimitz Freeway, providing access throughout the Bay Area. The Warm Springs BART station sits approximately three miles away. The project’s location is also a stone’s throw from the Pacific Commons Shopping Center, home to a mix of 75 shopping and dining options.
CBRE’s Rob Shannon, Chip Sutherland and Doug Norton are part of the team leading marketing efforts for the property.
Plans call for 36-foot clear heights, 141 loading doors in a cross-dock configuration, 143 trailer parking stalls, an ESFR sprinkler system, 185-foot truck courts and four drive-in doors. The developer is building the asset to LEED Silver standards.
“We had Pacific Commons Industrial Center designed for LEED Silver compliance with the ability to achieve LEED Gold after tenant improvements are built out. The building will have a cool roof, pre-stressed for solar panels and the employee parking area will have 68 electric vehicle charging stations,” John Dobrott, president of Conor’s industrial division, told Commercial Property Executive. “The site features drought-tolerant, California-native landscaping with water-wise irrigation.”
Image courtesy of CBRE