Rising, DRA Partner on Industrial Portfolio in Stockton, Tracy
Rising Realty Partners (RRP) has partnered with DRA Advisors to acquire a portfolio of six light industrial properties totaling 531,308 square feet on a combined 41 acres in Stockton and Tracy. Three of the properties are multi-tenant light industrial buildings, while the other three are single-tenant Class B distribution buildings.
The acquisition becomes the largest industrial portfolio owned and managed by RRP. The company now owns and manages nine industrial properties in the greater Sacramento region.
“Acquiring these properties is a strategic addition to our Northern California portfolio,” said Chris Rising, co-founder and CEO of RRP. “We’re grateful for the opportunity to unlock value in a sector and market with robust fundamentals and that we know well.”
The acquired properties include 3728 Imperial Way, 3734 Imperial Way, 4730 Fite Ct., 4747 Frontier Way and 3727 Metro Rd. in Stockton and 75 W. Valpico Rd. in Tracy.
Built between 1978 and 2006, the properties are 98% leased. RRP intends to implement a capital improvement plan.
Connect Industrial Midwest 2024 will take place on March 5, 2024, at Joe’s Live in Rosemont, Illinois. Click herefor more information and to register.
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).