Hayward, Calif. – July 30, 2012 – Two locally owned and operated Bay Area food companies expanded into San Leandro and Hayward, after signing long term leases that doubled each company’s capacity.
Bay Area Seafood Inc. inked a lease for ±58,320 square feet at 30240-30248 Santucci Court, Hayward in the Crocker South Industrial Park. The wholesale meat and seafood company will occupy a Class A warehouse facility owned by Geomax, that was vacated only two weeks earlier by Plastikon Industries Inc. Bay Area Seafood’s lease returns the ±79,400 square foot building to 100% occupancy.
Santos Spice is expanding into a ±52,864 square foot warehouse facility at 1788 Fairway Drive, in San Leandro. Their new location is across the street from the new Kaiser hospital that is scheduled to open in 2013. Santos Spice is relocating from a ±26,400 square foot warehouse facility in Hayward that was subsequently leased to Acquisitions Office, an office furniture recycler, who also doubled in square footage. Santos Spice will continue to operate their retail grocery business at 1188 Montague in San Leandro and just opened a new retail location at 2556 San Ramon Valley Blvd in San Ramon.
“The commercial real estate market is definitely beginning to show signs of improvement,” said Joe Yamin, Vice President of Colliers International who represented Bay Area Seafood, Santos Spice, Acquisitions Office and Geomax referenced above. “Each of these expansions is indicative of the market today, where many successful Bay Area companies have weathered the storm and are back in expansion mode once again.”
Additionally, Greig Lagomarsino, SIOR and Nick Ousman of Colliers International’s Oakland office represented Geomax on Santucci Ct. Chet Barney of Colliers International assisted in representing Bay Area Seafood, Santos Spice and Acquisitions Office. Terms of the various transactions were not disclosed.
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Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. Colliers Parrish International, Inc., dba Colliers International, is headquartered in San Jose and has 11 offices in California and Nevada. For additional information visit www.colliers.com