Article: United States : Bixby Land buys Stockton distribution center for $23.9 million.

Byline: pinto03

Bixby Land Co. bought a 452,000-square-foot warehouse and distribution center in Stockton for $23.9 million from Panattoni Development Co.The building at 1110 Performance Drive, in the Airport Gateway Center, was built in 1997 as the West Coast headquarters for Dopaco Inc., which designs and manufactures food packages for clients including Burger King, Wendy s and McDonald s. Dopaco has leased the entire facility through 2017.

Bixby Land considers Stockton a growing distribution market on the West Coast, said Mike Severson, vice president of acquisitions and development. The company has acquired more than 3 million square feet of ...

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