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Macy's Leases 272,000-SF Industrial Facility In Lathrop, California

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LEASED
Tyson 'Tyler' Vallenari
Jay Hagglund
Jeffrey Phelan

California

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Industrial272,000 SF
Leased 01/17/2024
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LEASED

Macy's Leases 272,000-SF Industrial Facility In Lathrop, California

3400 Yosemite Avenue

See Similar Deals
Industrial272,000 SF
Leased 01/17/2024
Tyson 'Tyler' Vallenari
Jay Hagglund
Jeffrey Phelan
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:272,000 SF
Transaction Type:Lease

Macy's has signed a long-term lease for a 272,000-square-foot logistics facility at 3400 W. Yosemite Ave. in the Phelan Lathrop Gateway industrial park, owned by Phelan Development. The property is strategically situated south of Sacramento and east of the Bay Area.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not mentioned
  • Address: 3400 West Yosemite Avenue
  • Market: Lathrop
  • Size: 272,000 SF

The landlord of the property is Jeffrey F. Phelan from Phelan Development. The tenant, Macy's, will be occupying the facility. The deal was brokered by Jay Hagglund and Tyson Vallenari from Cushman & Wakefield.

Players

Tyson 'Tyler' Vallenari
Cushman & Wakefield
Tyson 'Tyler' Vallenari
2 deals$84M volume
BROKER
Jay Hagglund
Cushman & Wakefield
Jay Hagglund
2 deals$19.7M volume(510) 267-6011
BROKER
Jeffrey Phelan
Jeffrey Phelan
5 deals$124.9M volume
LANDLORD
Jeffrey Phelan
Jeffrey Phelan
5 deals$124.9M volume
LANDLORD
Macy's
Macy's
TENANT

Details

LEASED
IMAGE: Jay Hagglund, Tyson Vallenari, Jeffrey Gennette & Jeffrey F. Phelan DATE: 01/17/2024 ADDRESS: 3400 West Yosemite Avenue MARKET: Lathrop ASSET TYPE: Industrial ~ SF: 272,000 LANDLORD: Jeffrey F. Phelan - Phelan Development (@PhelanDevco) TENANT: Jeffrey Gennette - Macy’s (@Macysinc) BROKERS: Jay Hagglund & Tyson Vallenari - Cushman & Wakefield (@CushWake) NOTE: Macy’s has signed a long-term lease for a 272,000-square-foot logistics facility at 3400 W. Yosemite Ave. in the Phelan Lathrop Gateway industrial park, owned by Phelan Development. The property is strategically situated south of Sacramento and east of the Bay Area.

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Deal Type
Effective Rent (Annual)

$15,590,875.86

Total Lease Value

$155,908,758.64

Net Landlord Cash Flow$15,590,875.86