(August 12, 2019 – Walnut Creek, CA) Tracy-based Glassfab Tempering Services Inc. recently completed the $12.6-million purchase of a 200,000-square-foot manufacturing facility on West Linne. Edward F. Del Beccaro, executive vice president and Kate Wright, senior industrial associate of TRI Commercial/CORFAC International in Walnut Creek represented the seller.
‘The West Linne property sits on 36 acres, so in addition to the 200,000 square feet of finished manufacturing space, there’s plenty of room to expand as needs change,” said Del Beccaro.
Glassfab had outgrown its existing facility in Tracy but wanted to keep their glass fabrication and tempering operations in the area. They struggled to find a property large enough to accommodate their current needs, with enough space for anticipated growth. Tracy is known as “The Gateway to the Central Valley,” bridging the geographic and economic gap between the East Bay and San Joaquin County. With commercial rents hovering at nearly half the average rate of Bay Area markets, the growing city is attracting an increasing number of businesses seeking relief from the pressure of the Bay Area economy.
“Looking forward over the next 12 months, we believe the market will hold strong. We’re seeing rents stabilize and industrial vacancy in Tracy sits at 5.5%. It’s a great time to take advantage of the opportunities here,” added Del Beccaro.
About TRI Commertial/CORFAC International
Founded in 1977, TRI Commercial/CORFAC International is a leading Northern California commercial real estate brokerage and property management firm (with more than four million square feet of commercial property under management) specializing in San Francisco, East Bay and the Sacramento Metro property markets. The company has expertise in tenant and landlord representation services and helps clients buy and sell commercial and investment-grade property. The company serves office, retail, and land, multifamily and industrial property sectors, with offices in San Francisco, Walnut Creek, Oakland, Roseville, Sacramento, and Rocklin,
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services.