Ferguson Enterprises, Inc. has closed a long-term lease to expand its operation in a ±157,324 square foot freestanding Class A warehouse/distribution facility situated on ±6.6 acres at 1936 Fairway Drive in San Leandro, CA. Additionally, Ferguson leased a ±5.8 acre contiguous parcel for its laydown yard at 1932 Fairway Drive. Both properties are owned by Prologis, Inc. Ferguson, which already has a strong local presence in the East Bay area, is expanding and enhancing its distribution services capabilities throughout the region. This will also represent the company’s largest distribution facility in the immediate area. The properties are located in the heart of the San Leandro industrial market with excellent access to Interstate 880 via the Marina Boulevard interchange and are close to the Port of Oakland and the Oakland International Airport. The transaction represents the largest new commercial real estate lease signed (second largest overall) in San Leandro through the first half of 2015. Kate Webster and Jay Hagglund, SIOR, with DTZ represented the tenant.
Headquartered in Virginia, Ferguson is the top-rated wholesale supplier of commercial and residential plumbing supplies. Ferguson is a diverse distributor that spans multiple businesses including HVAC/R, waterworks and industrial. In the past 63 years, the company has grown from a local distributor to an $11 billion dollar company with more than 1,400 locations and over 20,000 associates nationwide.