Crow Holdings — a firm with 15 distribution center projects in Texas and two in Southern California — is getting in on the South County warehouse boom.
They have purchased the 315 acres and entitlements for the project dubbed the Lathrop Gateway Business Park that Richland Development shepherded through the approval process in the South Lathrop Specific Plan. It includes 5 million square feet of building space that would have access to the 120 Bypass at the West Yosemite Avenue interchange and the McKinley Avenue interchange targeted for a late 2019 groundbreaking. It’s eastern boundary is less than a quarter of a mile from the proposed 500-room waterpark resort in Manteca and accross the street from where Manteca hopes to convince the San Joaquin Rail Commission to relocate the Lathrop Manteca Altamont Corridor Express passenger train station.
Crow Holdings, a national land development firm with offices in Chicago, Atlanta, Los Angeles, Houston and Dallas, has expertise in Class A warehouse, distribution and manufacturing facilities. That includes 9 million square feet that has been either sold or ir in the process of being built.
The Lathrop Gateway Business Park is poised to become the next massive light industrial development for the City of Lathrop.
While tenants have yet to be formally secured for the new complex, a number of the plans for the series of individual buildings that are being constructed are set to exceed a million square feet – making them the largest light industrial warehouse buildings in the city.
Over the last two decades Lathrop has become a destination for companies looking to take advantage of the city’s rich position – poised at the intersection of the Highway 120 Bypass and Interstate 5, providing access to Highway 99 and I-205 to the San Francisco Bay Area – and its business-friendly climate.
Last week the Lathrop City Council signed off on the transfer of the necessary planning documents to the new South Lathrop developer, and the cost associated with the transfer will be paid for by the new landowner. The transfer does not impact any of the already agreed-to terms, land use, or environmental impacts.
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