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Bentall Kennedy Bags Newly-Constructed Stockton Logistics Facility
Bentall Kennedy (U.S.) Limited Partnership acquired a fully-leased industrial building at NorCal Logistics Center in Stockton, CA on behalf of its US Core Fund for a reported $105.3 million. The seller was a partnership between CT Realty and Diamond Realty Investments.
Completed in 2018, the building is a best-in-class cross-docked warehouse totaling 1,122,341 square feet on 53.52 acres that was leased by Amazon last year.
Bentall Kennedy’s Steve Reents says, “Our investment in the NorCal Logistics Center building represents an opportunity to generate long-term, attractive returns for our fund, given that its quality stands out in the marketplace and the space is fully-leased to a strong credit tenant.”
NorCal Logistics Center is located in the Central Valley, roughly 57 miles east of the Bay Area. The property is near Interstate 5 and State Route 99, as well as the Stockton Metropolitan Airport.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


