{"id":1004648460,"date":"2023-02-28T05:00:53","date_gmt":"2023-02-28T13:00:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004648460"},"modified":"2023-02-28T06:51:21","modified_gmt":"2023-02-28T14:51:21","slug":"1-5-msf-norcal-logistics-campus-hits-development-milestones","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/1-5-msf-norcal-logistics-campus-hits-development-milestones\/","title":{"rendered":"Ridgeline, USAA Hit Development Milestone on 1.5 MSF California Logistics Campus"},"content":{"rendered":"
\"\"<\/a>

Image by falco via Pixabay.com<\/p><\/div>\n

Construction has gone vertical at Ridgeline Property Group<\/strong>\u2019s Class A Midway Commerce Center in Vacaville, Calif. Ridgeline is developing the project with capital partner and real estate investment manager USAA Real Estate<\/strong>.<\/p>\n

Vacaville is in Solano County, roughly halfway between San Francisco and Sacramento. The 89.7-acre logistics park is on Eubanks Drive, a mile from the Midway Road and I-505 interchange, and has quick access to I-80.<\/p>\n

Walls are in place and the roof deck is being installed on the 1.5 million-square-foot park\u2019s largest structure. Building C is an approximately 1.2 million-square-foot, cross-dock facility with a 42-foot clear height and hydraulic dock levels at all 209 positions.<\/p>\n

Wall panels are going up at Building A, a 198,490-square-foot rear-loading facility with a 36-foot clear height and mechanical dock levers at every other position.<\/p>\n

\n

READ ALSO<\/strong>: US Port Activity Reaches Peak: Savills<\/a><\/p>\n

\n

Both buildings will feature LED lighting, ample power, and high-finish offices, according to Ridgeline, and will be ready for occupancy by early fall.<\/p>\n

In a prepared statement, Steve Arthur, a partner at Ridgeline, said plans for the 105,908-square-foot Building B will be announced very soon.<\/p>\n

Ridgeline, which is based in Atlanta, did not reply to Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n

HPA Architecture<\/strong> is the project\u2019s designer.<\/p>\n

In the prepared statement, Vacaville City Manager Aaron Busch called the campus well positioned to attract logistics, distribution and e-commerce tenants, as well as advanced manufacturing industries.<\/p>\n

Brooks Pedder, John McManus and Tony Binswanger of Cushman & Wakefield<\/strong> are the park\u2019s exclusive leasing brokers.<\/p>\n

Tight and getting tighter<\/h2>\n

The industrial space market in the Solano and Napa counties saw its razor-thin vacancy of 1.0 percent creep down to 0.9 percent in the fourth quarter, setting another record low, according to a report from Colliers<\/strong>. The average asking rent has risen a bit, to $0.79 per square foot, triple net.<\/p>\n

About 3.3 million square feet is under construction, versus a current industrial inventory of 56.3 million square feet.<\/p>\n

In December, local planning officials approved Transwestern\u2019s plans<\/a> to develop Axiom Point, a 375,000-square-foot biomanufacturing campus in Vacaville\u2019s Vaca Valley Business Park. The park, at I-80 and I-105, is already home to Genentech and Johnson & Johnson, among other life science companies.<\/p>\n","protected":false},"excerpt":{"rendered":"

The first two buildings are on track for fall occupancy.<\/p>\n","protected":false},"author":882,"featured_media":1004546937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,1609,15],"tags":[35498,32799,38029,37623,44930],"class_list":["post-1004648460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-san-francisco","category-west","tag-colliers","tag-cushman-wakefield","tag-hpa-architecture","tag-ridgeline-property-group","tag-usaa-real-estate"],"acf":[],"yoast_head":"\nRidgeline, USAA Hit Development Milestone on 1.5 MSF California Logistics Campus - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Construction has gone vertical at Ridgeline Property Group\u2019s Class A Midway Commerce Center industrial park in Vacaville, Calif.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/1-5-msf-norcal-logistics-campus-hits-development-milestones\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ridgeline, USAA Hit Development Milestone on 1.5 MSF California Logistics Campus\" \/>\n<meta property=\"og:description\" content=\"Construction has gone vertical at Ridgeline Property Group\u2019s Class A Midway Commerce Center industrial park in Vacaville, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/1-5-msf-norcal-logistics-campus-hits-development-milestones\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T13:00:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-28T14:51:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1-5-msf-norcal-logistics-campus-hits-development-milestones\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/1-5-msf-norcal-logistics-campus-hits-development-milestones\/\",\"name\":\"Ridgeline, USAA Hit Development Milestone on 1.5 MSF California Logistics Campus - 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