Conor, Dayton Street Announce 1 MSF Industrial Development

Rendering of Central Industrial Center. Image courtesy of Conor Commercial Real Estate.

A joint venture of Conor Commercial Real Estate and Dayton Street Partners, along with an affiliate of Heitman, announced plans for a new industrial property spanning more than 1 million square feet in Stockton, Calif.

Set on a 56-acre site in the Central Valley, the development will include three spec industrial buildings that together will total nearly 1.1 million square feet. The site was acquired by Conor in April of this year from Ingredion.

The largest of the three buildings will be 833,280 square feet and will have 40-foot clear height, 141 dock doors, 310 parking spaces and 198 trailer stalls. Building 2 will span 121,680 square feet and will have 32-foot clear height, 25 dock doors, and 26 trailer stalls, while Building 1 will comprise 135,200 square feet and include 32 clear heights, 28 dock doors and 24 trailer stalls.

All three properties will have skylights, ESFR sprinklers, high-capacity natural gas and electrical infrastructure and office space.

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Conor Executive Vice President Sven Tustin said in prepared remarks that the company picked the site based on its location near the local airport, rail yards and major thoroughfares, and designed the property to attract a variety of users.

The development announcement comes three months after Conor and WHI Real Estate Partners teamed up to develop a 1.2 million-square-foot industrial campus in Savannah, Ga. The first phase of that project is slated to be completed in the second quarter of 2022.

Conor has been active in developing spec industrial properties across the country over the last two years, including projects in Texas, Illinois, and the Bay Area.

The U.S. industrial market has boomed over the last year. According to a recent report from CommercialEdge, industrial transactions across the country totaled $36.6 billion this year as of August, a 40 percent jump over the same time period in 2020.