501 D'Arcy Parkway, Lathrop, CA
SIZE: 391,605 sq. ft.
Elwood sourced this opportunity through its brokerage relationships in the San Joaquin Valley. It was under-priced by an out of area broker, selling property nation-wide for JC Penney. Elwood will lease the property to either one or two tenants, as the property easily divides in half.
The Lathrop/Manteca submarket consists of seven Industrial Parks (Crossroads Commerce Center, Lathrop Industrial Park, California Logistics Center, Pacific Business Park, Spreckels BP, Centerpoint Intermodal Center and Manteca IP).
Institutional Ownership consists of: UBS, LBA, Exeter, DCT Industrial, Panattoni, Clarion, Centerpoint , Morgan Stanley, CalSTRS, Duke, Prologis, Scannell
Tenants: Tesla, Home Depot, Del Monte, JC Penney, In & Out, John Deere, Heritage Paper, 5.11 Tactical, Pflug Packaging, SSI, Ghirardelli, Clorox, Diamond Pet Foods, Berry Plastics, Food 4 Less, Ford, Frito Lay, Dreyer’s