October 14, 2019
Conor Commercial Real Estate, and partner, American Realty Advisors, signed a record full-building lease with UPS at Pacific Commons Industrial Center in Fremont, CA. The lease of the 814,901-square-foot facility marks the largest speculative industrial building transaction in San Francisco Bay Area history.
The 10-year deal commences in January 2020. The supply chain management and package delivery company will use the property on a 41.75-acre lot at Cushing Parkway and Nobel Drive as an e-commerce and logistics hub to serve Silicon Valley.
Conor’s John Dobrott says, “Pacific Commons was designed to offer many logistical advantages for its tenant. So, we are confident that it will be a great fit for our client and will have a positive impact on their supply chain operations in the Bay Area.”
Lee Associates’ Jeff Huberman and Craig Hagglund represented the tenant. CBRE’s Rob Shannon, Chip Sutherland and Doug Norton advised the landlord.
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