NAPA, CA – DTZ, a global leader in commercial real estate services, announced today that Vynapse, LLC dba Pack n’ Ship Direct has pre-leased a ±226,000 square foot Class A wine warehousing facility located at the new Greenwood Business Park project in Napa, CA.
Vynapse and the project’s owner and developer, New York Life Real Estate Investors, negotiated a long-term lease for the entire building located at 1325 Airport Boulevard, which represents Phase I of the new business park. The building features ±7,000 square feet of office space and a full wine package. While the structure is nearly complete, Vynapse will not take occupancy for a few more months until all interior improvements have been completed. DTZ’s Walnut Creek and San Rafael offices represented both parties in the transaction. Brooks Pedder, Tony Binswanger and Trevor Buck represented the landlord, and Pedder along with Scott Bertrand represented the tenant.
Situated on ±19.4 gross acres, Greenwood Business Park is being built in two phases by Devcon Construction and will total ±304,775 square feet of Class A wine warehouse, distribution and manufacturing space when fully built out. Phase I consists of the ±226,000 square foot pre-leased building to Vynapse, and Phase II will consist of a second freestanding, single-story building totaling ±79,000 square feet, which is currently being marketed by the DTZ listing team. Phase II is expected to start construction later this summer.
Greenwood Business Park is located at the high-image corner of Airport Boulevard and Delvin Road in the hub of renowned Napa Valley, recognized among the world’s premier wine destinations. The property is well positioned in a best-location near the convergence of California State Routes (Highways) 12 and 29, two of the Valley’s primary arteries. The property is adjacent to the Napa County Airport and is just a short distance from numerous world class wineries, resorts and golf courses, and is a short drive to Interstate 80.
“This is arguably the finest wine warehouse in all of Napa Valley,” said Mr. Pedder, Senior Managing Director in DTZ’s Walnut Creek office. “The new Highway 12 has opened up Napa to superior access to Interstate 80, and we expect more use diversification in the Napa and American Canyon markets going forward.”
About Vynapse LLC
Vynapse LLC dba Pack n’ Ship Direct is a full service, end-to-end Fulfillment Company focused on the direct-to-consumer wine industry. Vynapse offers wineries and direct marketers a comprehensive solution for all of their business needs, from the production supply chain to the marketplace through tri-coastal service facilities located in CA (Windsor, Napa, Paso Robles, Buellton), IL, NY, FL and OK servicing TX.
Experienced resources and a vast network of strategic relationships offer an unrivaled level of fulfillment capabilities, multi-channel market opportunities, performance and operational excellence. For further information, visit www.vynapse.com.
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. The company’s core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facility services, capital markets, investment and asset management, valuation, research, consulting, and project and development management. DTZ provides property management for 1.9 billion square feet, or 171 million square meters, and facilities management for 1.3 billion square feet, or 124 million square meters. The company completed $63 billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private clients. Headquartered in Chicago, DTZ has more than 28,000 employees who operate across more than 260 offices in 50 countries and represent the company’s culture of excellence, client advocacy, integrity and collaboration.
DTZ announced an agreement to merge with Cushman & Wakefield in a May 11 press release. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients. The agreement is subject to customary closing conditions and is expected to close before the end of 2015. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.