Contacts:
Gary Marsh, Marsh Marketing 415.999.3793 or gary@marshmarketing.com
Tom Schaal, Schaal Realty Advisors 916.812.9483 or tom@schaalrealtyadvisors.com
Tom Schaal Returns to the Sacramento Market
Construction to begin May 2020 for 380,000 square foot industrial project with Dermody Properties
Sacramento, CA – May 5, 2020: Schaal Realty Advisors Principal Tom Schaal has returned to his roots in West Sacramento with a 380,000 square foot industrial project in the Southport Business Park with Dermody Properties, called LogistiCenter at Southport.
LogistiCenter at Southport is a 380,000 square foot Class A industrial distribution facility with 36-foot clear height, divisible to 75,000 square feet with cross dock and front-load docs, 58 dock doors, 56’ x 50’ typical column spacing, ESFR fire protection system, 106 trailer parking spaces and 222 car/small truck parking spaces.
Schaal, an El Dorado Hills resident and Sacramento veteran commercial real estate executive with particular expertise in land acquisitions and development entitlement work, has migrated back to Sacramento after working in other markets with various partners and clients since the unfortunate demise of Opus West in 2009.
In addition to the just-completed West Sacramento speculative development project, which is being marketed for lease by CBRE, Schaal Realty Advisors just completed a 252,000 square foot distribution warehouse in Vacaville with Dermody, as well as a 171,000 square foot project with New York Life in Contra Costa County. Schaal partnered with Mark Heavey, formerly with Venture Corp, to develop the Contra Costa and West Sacramento projects.
“Replacement cost rents have finally come back to Sacramento, perhaps one of the last markets to come back in the country,” said Schaal, “and industrial is targeted to flourish post-COVID-19 because supply chain disruption has caused a need for more inventory storage, there will continue to be more e-commerce and manufacturing is going to come back to diminish U.S. dependency on foreign manufacturing. Downtown and mid-town have come back in a big way and created a “cool factor” that has created a very positive vibe for Sacramento, which has attracted a young and highly educated workforce to the area,” Schaal added.
Schaal formerly ran the Opus West office in Sacramento and developed approximately 700,000 square feet of suburban office and 750,000 square feet of retail from 2004 – 2009. Opus morphed into Founder’s Properties, which retained Schaal to stabilize and oversee the disposition of all Northern California assets. He re-entitled, mapped and sold 320 acres of industrial property in Stockton, leased and stabilized 320,000 square feet of office in Rocklin and Roseville, and re-entitled and facilitated the sale of approximately 10 acres in South San Francisco/Brisbane for a 425,000 square foot life science project to close out the Founder’s Northern California portfolio. Schaal also brokered, entitled and sold multifamily projects in Davis and Rocklin and has consulted on various projects for other developers and investors.
To learn more please visit: https://schaalrealtyadvisors.com/
