SAN FRANCISCO-AMB Property Corp. has leased approximately 390,280 square feet of its AMB Chabot Commerce Center. This lease stabilizes Building 2 at the facility in Tracy, CA.
“AMB acquired this value-added asset in July of 2010 and we are extremely pleased to have stabilized it so quickly,” explains Kim Snyder, managing director of the west region. “With this transaction, we are expanding our relationship with a key global customer who leases from us in multiple markets.”
The customer, a leading consumer electronics retailer serving the US and Canada, will use the distribution center to service its Northern California customer base. The facility, located at 2300 Chabot Ct., has ready access to I-205, I-5 and US99, which are the primary routes for supplying product to the region.
AMB tells GlobeSt.com that it cannot give out terms of the deal. It also could not reveal the tenant’s identity at this time.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
