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PepsiCo Unit Takes 700,000 SF for Distribution

TRACY, CA-Quaker Sales and Distribution Inc. will use the warehouse to store and ship Gatorade, Tropicana and PepsiCo beverages.

By Brian K. Miller | Updated on May 14, 2008

TRACY, CA-A division of PepsiCo has leased 697,887 sf of distribution space here on a long-term basis, according to the listing brokerage, Sacramento-based Buzz Oates Group of Cos. Quaker Sales and Distribution Inc. will use the space to consolidate its local operations.

Kevin Ramos, BOGC’s chief investment officer, tells GlobeSt.com that Quaker currently distributes product from three different buildings in Tracy by way of a third-party logistics provider. Those operations are being shifted to his company’s 745,000-sf building over the course of the next several months.As part of the lease deal, Quaker will have first right to expand into the rest of the building when the existing tenant vacates. The negotiated lease rate was not released, but the triple-net asking lease rate for the space before lease negotiations was $0.30 per sf per month.

Tim O’Rourke, Mike Fowler and Tom McCarthy with The Staubach Co. represented Quaker. Bob Taylor, first vice president with Buzz Oates Real Estate, negotiated on behalf of Central Valley LLC.

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