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Home Depot-Leased Warehouse Trades Off-Market for $85M

Colliers arranged the off-market sale of a 935,120-square-foot industrial facility at 18100-18300 Harlan Rd. in Lathrop, just south of Stockton in the Central Valley. A private family buyer acquired the asset from CenterPoint Properties for $84,950,000.

Representing CenterPoint Properties, Colliers’ West Industrial Capital Markets Team, comprised of vice chair Michael Kendall, SVPs Gian Bruno and Nick Mascheroni, VP Kenny Patricia and associate Kylie Jones, led the disposition process. Executive managing director and Vice Chair Michael Goldstein, vice chairs Ryan McShane and Greg O’Leary, and EVPs Alex Hoeck and Wes Widmer provided local market expertise.

“This sale highlights investor demand in the region for well-located, functional warehouse space that is stabilized with investment-grade credit,” said Kendall.

Constructed in 2003, the asset has maintained stable occupancy, with the Home Depot Distribution Center as the sole tenant since 2007

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Colliers' Kendall

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition