LOS ANGELES, CA and SHAFTER, CA--(Marketwired - Apr 17, 2014) - Binswanger / Realty Advisory Group has been named exclusive agent by Roll Real Estate Development, LLC, the commercial real estate development division of Roll Global, for the sale and lease of build-to-suit distribution facilities at Roll's Paramount Logistics Park, a 1,625 acre master-planned industrial development site located in Shafter, Calif.
Paramount Logistics Park features lots up to 160 acres that can support build-to-suit facilities ranging from 100,000 square feet to more than 2.8 million square feet. The park is located in Foreign Trade Zone 276 in California's Southern Central Valley and is within a two-hour truck drive to Los Angeles and the Southern California markets via the nearby I-5, Hwy-99 and CA-58. Its central location also offers tenants dual-port access to the Port of Long Beach / Los Angeles and Port of Oakland, and is within 300 miles of 14 percent of the United States' population.
"Paramount Logistics Park is quickly emerging as one of Southern California's premier distribution hubs," said Jim Abbott, Executive Director at Binswanger / Realty Advisory Group. "The strategic location of Paramount Logistics Park is ideal for e-commerce fulfillment, Omni channel distribution, among others, that require a large facility for West Coast product distribution."
Roll Real Estate is completing the spec development of a 350,000-square-foot industrial facility at Paramount Logistics Park which features 2,530 square feet of office space, 99 dock positions, 50 trailer stalls, an ESFR sprinkler system and 32-foot clear height. The building is also expandable to more than 615,000 square feet, depending on future tenant requirements, and is located at 3501 Zachary Avenue, in Shafter.
Current businesses located at Paramount Logistics Park include Target, Formica, The Hillman Group, Baker Hughes and Ross Dress for Less, which recently closed a 160-acre land acquisition for the development of a 1.7-million-square-foot distribution center. American Tire Distributors recently signed a 20-year build to suit lease at the park and Roll Real Estate broke ground for its new 1-million-square-foot distribution facility on April 9.
About Paramount Logistics Park: Paramount Logistics Park is a 1,625-acre, master-planned industrial development that offers shovel-ready, fully entitled parcels of land that range from five to 300 acres. Lots are available for build-to-suit facilities, with sale or lease options, from 100,000 square feet to more than 2.8 million square feet. It boasts a high-speed fiber optics network and features BNSF rail-served sites available for up to 2.3 million square feet. For more information, visit www.rollrealestate.com.
About Roll Real Estate Development: Roll Real Estate Development is a division of Roll Global, a $3 billion privately owned consumer goods company and one of the largest owners of agricultural land in California. The company owns, manages and is actively developing three business and industrial parks in the Central Valley totaling more than 1,800 acres: Paramount Logistics Park, North Meadows Business Park and CrossRoads Business Park. Leveraging more than 30 years of experience in commercial real estate, Roll Global also owns and manages a separate portfolio of office, industrial and residential properties throughout the United States. For more information, visit www.rollrealestate.com.
About Binswanger / Realty Advisory Group: Headquartered in Philadelphia, Pa., Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East and Asia. For more information, visit www.binswanger.com.