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The company also plans to hire approximately 350 employees for the facility, which is owned and operated by CP Logistics NVCC II, a joint venture between CALSTERS and Panattoni Development Co.
Kidder Mathews commercial real estate brokers, Michael Nevis, SIOR, CCIM, Michael Hoeck, SIOR, Steve Kucera, CCIM, and Tim Gunsten represented CP Logistics in the transaction.
Sean Gallinger of Kidder Mathews, who brokered the deal on behalf of the seller, said the new owner has a tenant for part of the vacant space in the building, about 4,500 square feet.
The relative speed which with it filled up, first with the hotel tenant, then with Amazon - a major coup in the local real estate scene for Kidder Mathews senior vice president Kevin Joshi - had other developers in awe.
One tenant, iSoftStone, is marketing its top-floor North American headquarters for sublease. Broker Jason Smith of Kidder Mathews is listing the space and asking $48 per square foot year, including the cost of insurance, maintenance and property taxes.
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Kidder Mathews commercial real estate brokers, Rico Cheung, Eric Bluestein, Jimmy Cacho, and Kyle Hipple, represented the buyer in the transaction.
Canterna has over 20 years of commercial property management experience. Prior to joining Kidder Mathews, she was a property manager for Powell Development Company, where she managed a portfolio of one million square feet of commercial assets.
Commercial real estate brokerage team, Jim Gray and Nahz Anvary, have joined Kidder Mathews and both have been named senior vice presidents in the firm. Based in the Sacramento office, the team will focus on office and investment properties.
Kidder Mathews announced today that Eric Luhrs has been recruited to oversee their Northern California and Nevada regions as the executive vice president of brokerage.
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