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Firestone Business Park Changes Hands

SALINAS, CA-The 1.8-million-sf former Firestone Tire & Rubber Factory was converted into a multi-tenant industrial park in 1986 by the seller, an affiliate of McMorgan & Co.

By Brian K. Miller | Updated on February 22, 2007

(To read more on the industrial market, click here.)

SALINAS, CA-Locally headquartered STG Asset Management has acquired the 1.8-million-sf Firestone Business Park here from an affiliate of San Francisco-based investment advisor McMorgan & Co. STG would not disclose the sale price and it was not otherwise immediately available.

Originally the Firestone Tire & Rubber Factory, the 123-acre property was converted to a multi-tenant distribution center in the later half of the 1980s by McMorgan. STG leasing manager Jim Ballard tells GlobeSt.com that a renovation and repositioning is planned but did not go into detail. The property address is 340 Camino Real S.

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