Industrial tenants secure space in Northern California

Most expand into larger facilities

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Lee & Associates arranged five transactions involving the sale and leasing of approximately 120,260 square feet of industrial space in the San Francisco Bay Area. The total value of the transactions was not disclosed. American Packaging Corp of San Leandro, Calif., expanded its current space by roughly 23,000 square feet, for a total of 101,000 square feet. The original lease term was for 62 months. Lee & Associates represented the tenant, while the building ownership was represented by Dan Bergen of Colliers Pleasanton. Velocity Express has entered into the Hayward warehouse market by leasing 16,280 square feet of warehouse space at 2868 West Winton Ave. in Hayward for a period of 49 months. Velocity is relocating from a smaller 3,000-square-foot warehouse in Pleasanton to its new facility in November 2004. Velocity Express was represented by Craig Hagglund of Lee & Associates East Bay Inc., while the building ownership was represented by Rick Keely of Colliers Internation...