July 23, 2013 > Cherry distribution facility breaks ground in Newark
Cherry distribution facility breaks ground in Newark
Submitted By Denisha DeLane
In a ceremony held July 18, 2013, American Realty Advisors and Conor Commercial Real Estate broke ground on a new 29-acre Class A, 575,000 SF cross-dock LEED distribution center, developed with Taft-Hartley pension funds. Heavy equipment lined the site as representatives of building trade unions and contractor companies involved in the project attended the ceremony.
Alameda County District 2 Supervisor Richard Valle praised the construction of the state-of-the-art facility using organized labor funds and crews, calling it "timely." He noted that a meeting of members of the Metropolitan Transportation Commission and Association of Bay Area Governments was scheduled for that evening to discuss strategies to implement California Senate Bill 375 to reduce greenhouse gas emissions through development of a Sustainable Communities Strategy, integrating transportation and land-use planning.
The Cherry Logistics Center, located at 38811 Cherry Street in Newark, will provide substantial transportation savings and significantly reduce truck pollutants. Providing a substantial economic engine for the Bay Area, construction jobs on site will directly employ 250 people as well as many more in support services.
Jay Butterfield, CFA, Managing Director, Fund/Separate Account Operations of American Reality Advisors, said that this one-of-a-kind, "big box" distribution facility, constructed as an environmentally sensitive project in the "heart of the Bay Area," will "do well by doing good." American Reality Portfolio Manager Drew Hess spoke of the unique size and height of the building plus its notable "functionality" for future tenants. He added that this project is a designed to "lean into the market" and make a substantial impact on transportation throughout the Bay Area.
John A. Dobrott, president of the Industrial Division of Conner Commercial Real Estate, a member of The McShane Companies, spoke of the unique character of the Cherry Distribution facility and its ideal location. When completed, the facility will be one of the largest in the Bay Area and offer outstanding maneuverability and access for truck and trailer parking.
Cherry Logistics Center is expected to be ready for occupancy Q4 2013.
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