Cushman & Wakefield has finalized a 10-year industrial lease for 108,000 square feet at 1425 E. Beamer Street in Woodland. The commercial real estate services firm's Oakland-based Managing Director Ken Reiff represented both the landlord, Beverly Hills, Calif.-based Amir Development, and the tenant, Earthsavers Erosion Control (ESEC).
For ESEC, the transaction marks an expansion and relocation within the region. The company, a leader in erosion control offering such products as Rice Straw Wattles, soil blankets, fabrics, logs, twine, stakes and more, will relocate its headquarters within Woodland and also utilize the site for storage, distribution and certain cutting and assembling production operations.
"The company will continue to make wattles at another site nearby, and will use this new location for high-end materials," said Reiff. "That part of their business has been growing, and they required this expanded space to accommodate that as well as their headquarters operations.
"The fact that ESEC signed a 10-year lease is significant," said Reiff. "Most deals in this market are three to five years. They have a vested interest in this area and wanted to lock into this home. It is a very nice long-term commitment to the market."
The 255,000-square-foot 1425 E. Beamer Street is situated near the intersection of Interstate 5 and California Route 113, with easy on/off freeway access in the Sacramento Valley. For Amir Development, which owns and manages 9.5 million square feet of space, the signing marks a major step in the lease-up of the property.
As to the local industrial submarket, "There are a number of large spaces in Woodland," Reiff said. "A lot of companies want spaces in the 50,000-square-foot range, but most of the space we have now is 150,000 to 300,000 square feet. The focus of our effort is to match up the requirements with the available space.
"While we have a bit of vacancy, the market has been strong and steady," he concluded. "We're seeing good organic growth in the companies here, so it's all positive."
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.