Prologis purchased 2900 North MacArthur Dr., a 284,000-sf distribution facility in Tracy. Prologis was represented by Thomas Davis of Lee & Associates. Seagate was represented by Randy Getz & Blake Rasmussen of CB Richard Ellis.

Sysco acquired Modesto Distribution Center, a rail-served, 275,000-sf distribution warehouse located on South Mariposa Road in Modesto, near Highway 99, Route 120, and Interstate 5. Sysco, an adjacent property owner, was represented by Mark J. Reckers and Davis of Lee & Associates.

"After acquiring the properties as part of a portfolio in 1995 and developing an additional building at the Tracy project, our strategy was to season the properties and then sell them individually," says Wick Polite, a principal at Seagate. "These transactions represent a successful realization of that strategy. The first properties from the original portfolio were sold in 1998 and 1999. The remaining properties consist of a fully leased warehouse and parcel of land adjacent to the Tracy project, which Seagate plans to bring to the market later this year.