The Buzz Oates Group of Companies and O’Reilly Automotive, Inc. Sign 210,000 SF Sale and 519,840 SF Lease
SACRAMENTO, Calif.--The Buzz Oates Group of Companies (“BOGC”) has sold a 210,000 SF distribution warehouse in Salt Lake City, Utah, and signed a lease for 519,840 SF in Stockton, California, both with O’Reilly Automotive, Inc. (“O’Reilly”).
The 210,000 SF distribution warehouse in Salt Lake City is under construction at 6230 W. 700 S. and with mezzanine space included, will consist of 294,000 SF of operating space. The facility will employ roughly 450 people.
“Our relationship with O’Reilly exemplifies our company’s ability to deliver multi-market real estate solutions for corporate users. O’Reilly demanded high quality product delivered under rigorous timelines which we successfully met. This has been a very positive relationship,” said Kevin Ramos, BOGC’s Chief Investment Officer.
Steve Condie and Mike Falk of NAI Utah Commercial Real Estate provided real estate representation, while Tim Simonsen of Coldwell Banker Commercial represented O’Reilly and Brad Baird managed the project for the Economic Development Corp. of Utah.
O’Reilly has also leased a 519,840 SF industrial building owned and developed by BOGC in Stockton, California. Located on a 32 acre parcel at 3412 Perlman Drive in Stockton, the entire building will be occupied by O’Reilly with an estimated move-in date the 2nd Quarter of 2010.
Bob Taylor of Buzz Oates Real Estate represented the landlord in-house. Rob Stephens and John McManus of Cushman & Wakefield represented the tenant.
O’Reilly is one of the largest specialty retailers of automotive, aftermarket parts, tools, supplies, equipment and accessories in the United States and operates under the brand names Checker Auto Parts, Schuck’s Auto Supply, Kragen Auto Parts and Murray’s Discount Auto Stores.
The Buzz Oates Group of Companies (BOGC) www.buzzoates.com, creates and manages facilities for today's commercial real estate users by designing and building retail, office, warehouse, and distribution space. As a fully integrated commercial real estate development company, we offer a single point of contact for a full range of construction, real estate and property management services. BOGC manages a portfolio of more than 20 million square feet with asset value exceeding $1.5 billion. Geographic areas of concentration include Northern California, the Central Valley of California, Salt Lake City, Utah and El Paso, Texas.