CBRE Global Investors and partners buy 29-acre logistics site in Northern California

CBRE Global Investors, on behalf of one of its investment funds, has acquired a 29.3-acre site in Tracy, Calif., to build a state-of-the-art logistics center. The real assets investment firm will partner with Trammell Crow Co. (TCC), to develop a 606,343-square-foot logistics facility. Work will start early in 2022 and is scheduled to be complete during first quarter 2023.

The cutting-edge distribution facility will include 40-foot clear height, 185-foot truck courts, 56-foot by 60-foot column spacing, LED and sky lighting, and an ESFR system. In line with the firm’s continued commitment to sustainability, the development team is exploring the implementation of a variety of ESG features, from battery storage installation and EV charging to solar panel placement.

“This project presented a unique opportunity to acquire a permit-ready development site in a dynamic Northern California market, which is a location that we believe is well-positioned to meet the growing de