{"id":1004697966,"date":"2024-01-17T05:00:00","date_gmt":"2024-01-17T13:00:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004697966"},"modified":"2024-01-22T01:29:43","modified_gmt":"2024-01-22T09:29:43","slug":"macys-signs-272-ksf-central-valley-industrial-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/macys-signs-272-ksf-central-valley-industrial-lease\/","title":{"rendered":"Macy\u2019s Signs 272 KSF Central Valley Industrial Lease"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a33144ca5c21&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004697969\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/macys-signs-272-ksf-central-valley-industrial-lease\/building-3-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Building-3-1-e1705487514552.jpg\" data-orig-size=\"545,408\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Building 3\" data-image-description=\"&lt;p&gt;The 456,465-square-foot facility is in Lathrop, Calif.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The 456,465-square-foot distribution center came online recently. Image courtesy of Cushman &#038; Wakefield&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Building-3-1-e1705487514552.jpg?w=545\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Building-3-1-e1705487514552.jpg?w=300\" alt=\"The 456,465-square-foot facility is in Lathrop, Calif.\" class=\"wp-image-1004697969\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Building-3-1-e1705487514552.jpg 545w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/Building-3-1-e1705487514552.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">The 456,465-square-foot distribution center came online recently. <em>Image courtesy of Cushman &amp; Wakefield<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Macy\u2019s<\/strong> has signed a 272,000-square-foot long-term lease at a 456,465-square-foot facility in Lathrop, Calif. Colliers negotiated on behalf of the landlord, <strong>Phelan Development<\/strong>, while <strong>Cushman &amp; Wakefield<\/strong> represented the tenant. <\/p>\n\n\n\n<p>The newly completed logistics facility is part of the second phase of Phelan Lathrop Gateway industrial park, along with a 390,000-square-foot building. The first phase comprises two warehouses totaling some 990,000 square feet. Plans call for the addition of six more properties, which will bring the campus to roughly 3 million square feet.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-macy-s-new-home\">Macy&#8217;s new home<\/h2>\n\n\n\n<p>The front-load distribution center dubbed Building 3 features 36-foot clear heights, 53 dock-high loading doors, two drive-in doors and 69 trailer stalls, as well as 292 parking spaces. The property also features 195-foot truck courts and 3,408 square feet of office space.<\/p>\n\n\n\n<p>Located at 3400 W. Yosemite Ave., the facility provides easy access to Interstate 5 and Highway 99. Port of Stockton is 15 miles away, while Oakland International Airport is some 56 miles southwest. Downtown San Jose is within 65 miles and downtown San Francisco is 72.5 miles west.<\/p>\n\n\n\n<p>Cushman &amp; Wakefield Executive Managing Directors Jay Hagglund and Tyson Vallenari worked on behalf of the tenant. Colliers\u2019 brokerage team that represented the owner included Executive Managing Director Michael Goldstein together with Vice Chairs Ryan McShane and Gregory O\u2019Leary; last year, the trio was tapped by First Industrial Realty Trust to lease a <a href=\"https:\/\/www.commercialsearch.com\/news\/first-industrial-to-build-1-msf-central-valley-facility\/\">1 million-square-foot distribution center<\/a> in Stockton, Calif.<\/p>\n\n\n\n<p>The Central Valley industrial market saw a vacancy rate of 6.7 percent in the fourth quarter of 2023, according to a JLL report. During the same interval, 54.4 percent of the 5.8 million-square-foot  construction pipeline was preleased.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Plans call for six more buildings at this California campus.<\/p>\n","protected":false},"author":3355,"featured_media":1004697969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,15],"tags":[35498,32799,33353,51702],"class_list":["post-1004697966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-west","tag-colliers","tag-cushman-wakefield","tag-macys","tag-phelan-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Macy\u2019s Signs 272 KSF Central Valley Industrial Lease - 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