First Industrial Realty Trust : Leases 1.0 Million Square-Foot Logistics Facility in San Francisco’s Central Valley
June 18, 2024 at 09:48 pm
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First Industrial Realty Trust, Inc. (NYSE: FR), a leading fully integrated owner, operator and developer of industrial real estate, recently signed a full-building lease at its newly-constructed 1 million square-foot First Stockton Logistics Center in Northern California. The property features 42' clear heights, energy-efficient lighting, and abundant car and trailer parking.
Located at 6201 Newcastle Road in the Stockton Airport submarket, First Stockton Logistics Center benefits from immediate access to Highway 99 and Interstate 5 via Arch Road. The site offers excellent proximity to major distribution channels across Northern California including BNSF & Union Pacific Intermodal Facilities, Stockton Metro Airport, and the Port of Stockton. First Industrial broke ground in early 2023 and completion is expected by the third quarter of 2024. The building is being developed to LEED Silver Certification standards.
"We were excited to lease our state-of-the-art First Stockton development prior to completion," said John Quinn, senior regional director for First Industrial. "This logistics facility features high throughput functionality as well as access to major distribution channels emanating from Northern California."
First Industrial would like to thank the Colliers team of Mike Goldstein, SIOR, Ryan McShane, SIOR, and Gregory O'Leary, SIOR, for their assistance leasing this project. KBC Advisors represented the tenant. Construction of the building was led by Millie and Severson as the general contractor. HPA was the architect and Keir + Wright provided civil engineering for the project.
About First Industrial Realty Trust, Inc.
First Industrial Realty Trust, Inc. (NYSE: FR) is a leading U.S.-only owner, operator, developer and acquirer of logistics properties. Through our fully integrated operating and investing platform, we provide high quality facilities and industry-leading customer service to multinational corporations and regional firms that are essential for their supply chains. Our portfolio and new investments are concentrated in 15 target MSAs with an emphasis on supply-constrained, coastally oriented markets. In total, we own and have under development approximately 68.1 million square feet of industrial space as of March 31, 2024. For more information, please visit us at www.firstindustrial.com.
Contact: Art Harmon, Senior Vice President, Investor Relations and Marketing - 312-344-4320
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First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate company. The Company owns, manages, acquires, sells, develops, and redevelops industrial real estate. Through its fully integrated operating and investing platform, the Company provides facilities and customer service to multinational corporations and regional firms that are essential for their supply chains. The Company owns approximately 428 industrial properties, of which 422 are classified as in-service. The 422 in-service industrial properties contained an aggregate of approximately 64.9 million square feet of gross leasable area (GLA) in 18 states, with a diverse base of tenants engaged in a wide variety of businesses, including e-commerce, third-party logistics and transportation, consumer and other manufactured products, retail and consumer services, food and beverage, lumber and building materials, wholesale goods, health services, governmental and other.
FIRST INDUSTRIAL REALTY TRUST, INC. 
