{"id":1004733586,"date":"2024-10-18T03:22:52","date_gmt":"2024-10-18T11:22:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004733586"},"modified":"2024-10-18T06:25:45","modified_gmt":"2024-10-18T14:25:45","slug":"conor-dayton-street-deliver-1-1-msf-california-industrial-property","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/conor-dayton-street-deliver-1-1-msf-california-industrial-property\/","title":{"rendered":"Conor, Dayton Street Deliver 1.1 MSF California Industrial Property"},"content":{"rendered":"\n<p>Co-developers Conor Commercial Real Estate and Dayton Street Partners, along with their partner, an affiliate of Heitman, have completed a three-building, 1.1 million-square-foot speculative industrial property in Stockton, Calif. Facilities range from 121,680 to 833,280 square feet.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004733598\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/central-industrial-center-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg\" data-orig-size=\"1598,1200\" 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;\\u00a9 2024 Scott Hargis Photo&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=\"Central Industrial Center\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg\" alt=\"Exterior shot of one of the industrial buildings of Central Industrial Center in Stockton, Calif.\" class=\"wp-image-1004733598\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg 1598w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg?resize=1024,769 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg?resize=1536,1153 1536w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Central Industrial Center comprises three industrial buildings totaling some 1.1 million square feet. <em>Image courtesy of Conor Commercial Real Estate<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The partners announced the development, <a href=\"https:\/\/www.commercialsearch.com\/news\/conor-dayton-street-announce-1m-ksf-industrial-development\/\">Central Industrial Center,<\/a> in October 2021. Conor had acquired the 56-acre infill site in April 2021 from Ingredion.<\/p>\n\n\n\n<p>The location at 1021 Industrial Drive has proximity to Interstate 5 and Highway 99. The property is 2 miles north of Stockton Metropolitan Airport, a major cargo hub for several shipping companies, and adjacent to the Union Pacific and BNSF rail yards.<\/p>\n\n\n\n<p>The design-build team of McShane Construction Co. and Ware Malcomb provided construction and architectural services. Leasing is being handled by Thomas Davis, Robert Taylor, Daniel Davis and Ryan Davis, all of CBRE.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-central-industrial-center-up-close\">Central Industrial Center, up close<\/h2>\n\n\n\n<p>All three buildings feature skylights, ESFR sprinklers, high-capacity natural gas and electrical infrastructure, 60-foot speed bays and office space to suit. The facilities have been designed as multi-tenant assets with configurations as small as 60,000 square feet.<\/p>\n\n\n\n<p>Specs include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Building 1: 135,200 square feet, front-load with a 32-foot clear height, 50-foot by 52-foot column spacing, 28&nbsp; dock doors, two drive-in doors, 76 parking spaces and 24 trailer stalls.<\/li>\n\n\n\n<li>Building 2: 121,680 square feet, front-load with a 32-foot clear height, 50-foot by 52-foot column spacing, 25 dock doors, two drive-in doors, 76 parking spaces and 26 trailer stalls.<\/li>\n\n\n\n<li>Building 3: 833,280 square feet, cross-dock with a 40-foot clear height, 50-foot by 60-foot column spacing, 141 dock doors, four drive-in doors, 310 parking spaces and 198 trailer stalls.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-san-joaquin-county-submarket\">A San Joaquin County submarket<\/h2>\n\n\n\n<p>Central Industrial Center and one build-to-suit property totaling 2.6 million square feet were the only industrial developments under construction in San Joaquin County in the second quarter of 2024, according to Colliers. Deliveries in the first six months of the year amounted to 1.5 million square feet.<\/p>\n\n\n\n<p>The overall vacancy rate in San Joaquin County increased 10 basis points over the quarter to 7.4 percent, Colliers reported. However, in the Stockton submarket, the rate decreased 10 basis points to 9.1 percent during the second quarter. Tenant concessions have increased year-over-year with more landlords \u201cgetting creative to attract deals.\u201d<\/p>\n\n\n\n<p>In Stockton, one notable transaction was the <a href=\"https:\/\/www.commercialsearch.com\/news\/intercontinental-kennedy-wilson-buy-central-valley-asset-for-72m\/\">acquisition of Stockton Commerce Center<\/a>, a fully leased 655,976-square-foot warehouse and distribution facility. The property changed hands for nearly $72 million. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The project features three buildings.<\/p>\n","protected":false},"author":1068,"featured_media":1004733598,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21748,21742,15],"tags":[32789,36589,38445,33276,52137,34936],"class_list":["post-1004733586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-industrial","category-latest","category-west","tag-cbre","tag-conor-commercial-real-estate","tag-dayton-street-partners","tag-heitman","tag-the-mcshane-companies","tag-ware-malcomb"],"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>Conor, Dayton Street Deliver 1.1 MSF California Industrial Property - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Conor Commercial Real Estate, Dayton Street Partners and an affiliate of Heitman completed Central Industrial Center in Stockton, 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\/conor-dayton-street-deliver-1-1-msf-california-industrial-property\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conor, Dayton Street Deliver 1.1 MSF California Industrial Property\" \/>\n<meta property=\"og:description\" content=\"Conor Commercial Real Estate, Dayton Street Partners and an affiliate of Heitman completed Central Industrial Center in Stockton, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/conor-dayton-street-deliver-1-1-msf-california-industrial-property\/\" \/>\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=\"2024-10-18T11:22:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-18T14:25:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Central-Industrial-Center-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1598\" \/>\n\t<meta property=\"og:image:height\" content=\"1200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\/conor-dayton-street-deliver-1-1-msf-california-industrial-property\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/conor-dayton-street-deliver-1-1-msf-california-industrial-property\/\",\"name\":\"Conor, Dayton Street Deliver 1.1 MSF California Industrial Property - 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