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Intercontinental and Kennedy Wilson Buy Stockton Industrial Park for $84M

Intercontinental & Kennedy Wilson Buy Stockton Industrial Park

Intercontinental Real Estate Corporation in joint venture with Kennedy Wilson has acquired Stockton Industrial Park, an 878,000-square-foot manufacturing facility in Stockton, CA. The purchase price for the 40-acre property was $84 million.

“Stockton Industrial Park is positioned very well to benefit from all the major drivers of a burgeoning industrial sector in the country’s most populous state,” said Intercontinental Director of Acquisitions Allen Logue. “With rents 21% below market, its value-add potential makes it that much more of a prize in our expanding industrial portfolio.”

Located at 1604 Tillie Lewis Drive and consisting of three buildings, the complex features 24’ to 28’ clear heights, ample dock-high and grade-level loading and a wide range of unit sizes for warehouse and/or manufacturing purposes. The largest building offers direct rail service as well. The property, which is 100% leased, also has direct truck access to Interstate 5 and Highway 99.


Inside The Story

Intercontinental Real Estate CorporationKennedy WilsonAllen Logue

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

  • ◦Sale/Acquisition
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