He adds that speculative industrial development is revving up right now, with manufacturers aiming to be more competitive in bringing their goods to market and seeking large, leading-edge facilities. “What we have going on across the country is companies trying to create a more efficient supply chain,” Dobrott says. “They want to save money and provide a service to their clientele in a more rapid manner. That’s why a lot of these businesses will consolidate under one roof and invest in state-of-the-art sorting equipment.”

According to the joint venture, the proposed plan for the site is expected to create considerable competitive advantages relative to existing and potential development projects, including overall size, additional clear height (32-ft. clear), ratio of dock-high doors (120 dock doors), efficiency, flexibility, configuration (full-size truck courts) and excess truck trailer parking (175+ trailer storage area).

In addition, the joint venture expects the property’s strategic infill location in the Silicon Valley to enhance the desirability of the asset to prospective tenants and institutional buyers. The project is situated within one mile of the I-880 Freeway at Mowry Ave. and within five miles of California State Route 84’s Dumbarton Bridge in the supply-constrained East Bay industrial submarket.

“As the existing warehouse inventory is older and inefficient, we expect this state-of-the-art logistics facility to fill the growing needs and requirements for increasingly sophisticated local and regional distributors,” added Stanley L. Iezman, American Realty Advisor’s chairman and CEO.

Dobrott tells GlobeSt.com that the site is reportedly one of the largest spec developments brought to the Bay Area in nearly a decade. “In that marketplace, it’s difficult to find infill sites that are configured to take this kind of development. There are not a lot of greenfield sites available.”

He adds that the location is appealing because of its proximity to the Port of Oakland and 7.5-million-people Bay Area population. “It’s one of the most active markets in the country and has a very strong local local economy. It’s also driven by being the tech hub of the world.”

He adds that this site is the initial product offering between American Realty Advisors and McShane, and he looks forward to future projects with American.