Seefried Industrial Properties, as development partner for Clarion Partners, LLC have recently purchased a 76-acre land site that paves the way for a new multi-warehouse speculative development situated within the Northeast Area Specific Plan in Tracy, CA.

Located at the northeast corner of Grant Line Road and Chrisman Road, New Project will total 1,130,000 square feet of office and warehouse space in three buildings consisting of 260,000 square feet, 517,000 square feet and 353,000 square feet, respectively. Together, the project will offer tenants the opportunity to occupy space ranging from 18,000 to 1,130,000 square feet.

Buildings will feature tilt-up construction, have clear heights ranging from 32 to 36 feet, 185′ truck courts, 339 trailer spaces combined, an ESFR sprinkler system and ample parking.

“Finding quality development property in the Central Valley has become more and more difficult over the years. Finding a site this well located was very exciting. We would not have gotten to this point if it had not been for the combined efforts of our consultants, the land seller, and the City of Tracy. We now look forward to bringing this quality project out of the ground and hope we can help fill the tenant demand that continues to grow in Tracy,” said Jason Quintel, Senior Vice President of Seefried Industrial Properties.

Construction is set to begin this June and anticipated for completion the following June of 2021.

HPA has been engaged as architect; K&W is the civil engineer.

The Colliers International team, led by Mike Goldstein and John Steinbuch, will lead the leasing/marketing efforts for the new project.

About Seefried Properties

Founded in 1984 by Ferdinand Seefried, Seefried Properties is a privately held real estate firm that focuses on the development, leasing and management of industrial properties across the United States. The firm primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 25 million square feet for its institutional and European clients and has developed over 200 million square feet of space valued in excess of $18 billion across 120+ markets. Based in Atlanta, the firm has regional offices in Dallas, Chicago, Los Angeles, and Phoenix.

About Clarion Partners, LLC

Clarion Partners, LLC, an SEC registered investment advisor with FCA-authorized and FINRA member affiliates, has been a leading real estate investment manager for over 38 years. Headquartered in New York, the firm has offices in major markets throughout the U.S. and Europe. With more than $56 billion in total assets under management, Clarion Partners offers a broad range of equity and debt real estate strategies across the risk/return spectrum to its more than 400 domestic and international institutional investors. More information about the firm is available at clarionpartners.com.