News
Dermody acquires 606,343-square-foot logistics facility in Tracy, California
Dermody has acquired 1269 E. Grant Line Road, a 606,343-square-foot Class A logistics facility in Tracy, California. The property is the newest addition to Dermody’s West Region portfolio and one of the largest move-in-ready facilities available to a single user in the Central Valley.
Completed in 2023, the cross-dock building sits on 29.3 acres and offers 40-foot clear height, 103 dock-high doors, four grade-level doors, 176 trailer stalls and 220 car parking stalls. Additional features include a 185-foot truck court that is fully fenced and secured with gated entries, 4,000-amp electrical service, ESFR fire protection, LED lighting, 60-foot speed bays and approximately 4,054 square feet of office space.
“This property is well suited to customers in need of a large, modern facility, especially those in e-commerce fulfillment, distribution or manufacturing,” said Shelagh Danna, Senior Vice President, Investments at Dermody. “Furthermore, it is ready-to-occupy with the scale, clear height and truck capacity modern distribution demands in a highly sought-after market.”
The property offers immediate access to Interstate 205, with additional connectivity via Interstates 5 and 580 to Silicon Valley, the San Francisco Bay Area, the Port of Oakland and San Francisco International Airport. Union Pacific and BNSF Railway intermodal facilities are within 20 miles and customers can draw on a labor pool of more than 6.5 million residents within a 50-mile radius.
As one of the largest and most established logistics submarkets in the Central Valley, Tracy is the primary hub serving the greater Bay Area and Northern California, and large-format buildings are driving its recovery. According to CBRE, facilities of 500,000 square feet or more accounted for more than half of the region’s net absorption to date in 2026.
“Existing vacant Class A facilities of this size are exceptionally rare in the Central Valley; this asset provides customers with large requirements an excellent option in which to operate,” said Tim Walsh, Chief Investment Officer at Dermody. “This investment reflects Dermody’s continued commitment to the Central Valley and to growing in the markets where our customers need us most.”
Rebecca Perlmutter from CBRE National Partners represented the seller. Michael Goldstein, Ryan McShane and Alex Hoeck with Colliers will lead leasing for Dermody.