Strategically located off Interstate 80, the Class A, 378,405 square foot logistics facility will be completed in summer of 2019.

Fairfield, CA,  October 16, 2018 – Ridgeline Property Group (RPG) together with its investment partner, USAA Real Estate, announced today the partnership has broken ground on Interstate 80 Logistics Center, a 378,405 square foot, Class A logistics facility located in Fairfield, California. The project is expected to be completed in the summer of 2019.

The project will be developed on a 19.6 net acre site fronting on Highway 12, strategically located just 1 mile from Interstate 80, the east-west route connecting San Francisco Bay Area and Oakland to Sacramento and the Central Valley. Interstate 80 Logistics Center is well situated to serve the entire region.

Located at 2200 Courage Drive in a business park setting, the project features include 36-foot clear height, cross-dock design, 69 dock-high doors, 4 drive-in doors, 56’ x 60’ column spacing with 60’ speed bays, 4,000 AMPS of power, TPO roof, ESFR sprinkler system, 7” thick reinforced slab, 31 dedicated trailer parking spaces and 192 auto parking spaces.

The project is being marketed for lease by Glen Dowling, Chris Neeb and Matt Bracco of Jones Lang LaSalle, Inc. (www.Interstate80LogisticsCenter.com). Interstate 80 Logistics Center was designed by HPA Architecture (www.hparchs.com) and will be constructed by Millie and Severson, General Contractors (www.mandsinc.com).

“Ridgeline Property Group is excited to grow our presence in Northern California as well as continue RPG’s national platform growth.” 

– Greg Thurman, CEO, Ridgeline Property Group

“Demand for institutional quality logistics space is at a historic high. Interstate 80 Logistics Center offers tenants an exceptional location in a quality business park from which to serve the supply constrained Northern California distribution market. The projects’ modern specifications will suit the needs of today’s distribution tenants and the City of Fairfield’s business-friendly environment will make it easy for tenants to call the project home.”    

– Steve Arthur, Partner, Ridgeline Property Group

About Ridgeline Property Group

Ridgeline Property Group (www.ridgelinepg.com) is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. RPG has offices in Atlanta, Northern VA/Washington DC, Chicago, Houston, Dallas and California.

Park 840 East offers prime location near I-840 in East submarket

Nashville, TN, September 18, 2017 – Ridgeline Property Group (RPG), in partnership with USAA Real Estate Company (USAA RealCo), announced today that it will develop a Class A, 558,600-square-foot distribution/logistics facility – Park 840 East Building 100. RPG will develop the project on a 29-acre site located at the southeast corner of Central Pike and I-840 in Lebanon, Tennessee, east of Nashville.

RPG and USAA RealCo have retained CBRE’s Steve Preston and Hayes McWilliams to market and lease the property. Construction will begin in 4Q 2017 and completion is scheduled for 2Q 2018.

“We’re excited to deliver a project in the Nashville industrial market that will offer the most modern, efficient space for large-scale distribution operations,” said Greg Thurman, CEO of RPG. ”Nashville is experiencing extremely strong demand but there is limited supply of high-quality space. This project will offer the features distributors are looking for today, including high ceilings, a cross-dock configuration and abundant trailer parking.”

Park 840 East provides convenient access to I-840 and Nashville’s extensive interstate system that connects distributors to major markets across the Southeast and Midwest.

“The Southeast U.S. has the highest population growth in the nation and Nashville is no exception. With the Nashville MSA population approaching 2 million people, that distribution market has continued to expand,” said Steve Preston, Senior Vice President at CBRE. “In addition, Nashville’s connectivity to a large segment of the U.S. population and its location on the eastern edge of the Central time zone enables it to accommodate same-day and next-day deliveries – a feature that has become increasingly important to online customers and e-tailers.”

Park 840 East Building 100 will feature concrete-tilt panel construction, 36-foot clear height, 56-foot by 50-foot column spacing, 62.5-foot speed bays, 96 dock doors and 113 trailer stalls.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please visit www.ridgelinepg.com.

About USAA Real Estate Company

USAA Real Estate Company, with over $17 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors and arranges commercial mortgage loans on behalf of affiliates.  The portfolio consists of office, industrial/logistics, multi-family, retail and hotel properties.  USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922.  For more information, visit www.usrealco.com

92-acre infill site will become Park 100 Logistics Center

Allentown, PA, March 6, 2017 – Responding to continuing strong demand for Class A bulk warehouse space in the Lehigh Valley industrial market, Ridgeline Property Group (RPG) will redevelop the former Kraft facility site at 7352 Industrial Boulevard into a Class A, rail-accessible logistics campus. RPG has acquired the 92-acre site, a preeminent location in Lehigh Valley, and will build two Class A distribution facilities totaling up to 1.46 million square feet.

The project, known as Park 100 Logistics Center, will be built on the 92-acre site approximately one mile from the Route 100/I-78 Interchange.

Demolition of the Kraft facility has commenced. The initial phase of Park 100 Logistics Center, a 730,080-square-foot Class A distribution facility, is anticipated to be completed in Q1 2018. Jake Terkanian, Joe McDermott and Vincent Ranalli of CBRE’s Philadelphia office have been selected to market the property for lease or build-to-suit.

“We are excited to continue to expand the RPG platform nationally, and particularly in Central Pennsylvania and Lehigh Valley,” said Greg Thurman, RPG’s CEO. “This represents a tremendous opportunity for us to develop this prime infill site and create a state-of-the-art logistics campus benefitting from a strategic location with excellent highway and rail access.”

Chris Ciliberti, Partner and head of RPG’s Northeast operations, added: “With historic levels of absorption combined with limited competitive supply, Park 100 Logistics Center is well positioned to capitalize on strong market fundamentals in Lehigh Valley.”

Park 100 Logistics Center’s location approximately one mile from the Route 100/I-78 interchange provides immediate access to strategic transportation routes serving the Northeast region. Additionally, the large and well-trained workforce within a 30-minute commute creates a strong incentive for companies to operate in this location. The overall vacancy rate for Class A product in Lehigh Valley is just below 4 percent, placing supply at shortage levels, while absorption has remained at historically high levels.

Park 100 Logistics Center, a rail-accessible, 1.46 million-square-foot, two-building logistics campus, will feature 36-foot clear heights, a cross-docked loading configuration, 4 drive-in doors per building, highly efficient 56-foot by 50-foot column spacing, 70-foot speed bays, early suppression fast response (ESFR) fire sprinklers, and ample parking with 982 auto parking spaces and 376 trailer storage stalls.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please visit www.ridgelinepg.com.

Commercial real estate veteran with more than 26 years of experience will direct firm’s West Coast operations and development

Atlanta, GA, February 22, 2017 – Ridgeline Property Group (RPG), a privately held commercial real estate development and investment firm, announced today that Steve Arthur has been appointed Partner to direct the firm’s West Coast operations and development activities.

Mr. Arthur will oversee speculative projects, build-to-suit development and value-add acquisitions. He brings Ridgeline Property Group more than 26 years of commercial real estate experience, including capital markets expertise, speculative and build-to-suit development, equity sourcing, leasing and investment brokerage.

“With his wide-ranging expertise across all phases of industrial and office development, Steve will be an outstanding addition to our development team,” said Greg Thurman, CEO of Ridgeline Property Group. “He brings a strong track record of securing build-to-suit business and managing joint-venture development, which will be a great asset to our firm as we continue to expand our West Coast presence and grow our development pipeline.”

Mr. Arthur joins Ridgeline Property Group from Panattoni Development Company, where he worked for 19 years, most recently as national Director of Capital Markets in charge of managing one of the firm’s primary institutional joint-venture accounts comprising over $730 million in development projects totaling 11 million square feet across the U.S. He has also secured more than $350 million in capital for 5 million square feet of competitive build-to-suit projects.

About Ridgeline Property Group

Ridgeline Property Group (“RPG”) is a privately held, commercial real estate development and investment company operating throughout the United States. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in 30 states. The company currently has more than four million square feet of active development projects underway. The firm is headquartered in Atlanta, Georgia with regional offices in Chicago, Indianapolis, Northern Virginia / Washington, DC and California. For additional information, please see www.ridgelinepg.com.

Atlanta-based developer plans to build up to 3.5 million square feet of prime industrial space on 328-acre site.

Memphis, TN, July 25, 2016 – Entering the Memphis industrial market to meet the strong demand for bulk distribution space, Atlanta-based Ridgeline Property Group (RPG) announced today it will develop I-269 Logistics Center, a logistics park in Marshall County, Miss., that will feature up to 3.5 million square feet of Class A distribution and industrial space.

RPG has formed a joint venture with the owner of the 328-acre site, Mississippi Land Holdings, LLC, a special purpose vehicle owned by the CK Pearl family of funds and managed by Crestline-Kirchner, L.P., to develop the logistics park, which occupies a prime location at the intersection of Goodman Road and the southeast corner of the new I-269 beltway. Geringer Capital initially identified and secured the site prior to the announcement of the Interstate expansion and in its position as manager brought RPG to the project.

Dave Curran and Matt Weathersby of Cushman & Wakefield/Commercial Advisors will market the property for lease.

“We’re extremely pleased to form a joint venture to develop this prime site on Goodman Road at the southeast corner of I-269, a new section of the Memphis loop highway that will provide excellent access to I-55 into Memphis and to I-40 and I-22 into large consumer markets to the east and west,” said Greg Thurman, CEO of Ridgeline Property Group.

Thurman added: “Memphis, one of the strongest industrial markets in the U.S., is experiencing extremely strong demand for Class A industrial space, but bulk space is currently in very short supply. I-269 Logistics Center will answer this need, providing e-commerce and other operators the modern, efficient distribution space they require.”

The Memphis market has been surging, registering a record 8 million square feet of absorption in 2015 and 1.7 million square feet of absorption in the first quarter of 2016, according to the 1Q 2016 Memphis Industrial Snapshot from Cushman & Wakefield/Commercial Advisors. At the same time, there are only three existing options in the market for users seeking 400,000 square feet or higher.

Recent large leases signed in the Memphis market include a 1.5 million square foot build-to-suit for Tire & Battery Corp. in the Marshall/Fayette submarket and a 708,532 square foot lease for Nike in the Southeast submarket.

A sample of RPG’s projects currently under development across the U.S. include Crossroads Logistics Center (398,250 SF) in Jonestown, Pa.; Eagle Park 20/35 (453,600 SF) in South Dallas; Tracy Pescadero Distribution Center (381,600 SF) in Tracy, Calif.; and Crest Hill Industrial Park (438,150 SF) in Chicago.

About Ridgeline Property Group

Ridgeline Property Group is a commercial real estate development and investment company operating throughout the United States. Headquartered in Atlanta, the firm has a particular focus on the acquisition, development and management of high-quality industrial and office properties in strategic markets. RPG’s regional partners have more than 125 years of combined experience in the commercial real estate industry and have developed in excess of 115 million square feet of space in more than 30 states. For additional information, please see www.ridgelinepg.com.

About Crestline-Kirchner, L.P.

Crestline-Kirchner provides financings or acquires and manages portfolios of private assets made available through restructurings, orphaned portfolios, manager transitions, end of fund life scenarios and related special situations. For more information, please visit www.crestlineinvestors.com.