CBRE is pleased to present the opportunity to acquire the Renz Industrial Center, a fully entitled and shovel-ready industrial development site located in Gilroy, California. The 12.84-acre property is approved for the development of a two-building Class A industrial project totaling 206,328 square feet and offers investors, developers, and owner-users the rare opportunity to acquire a permit-ready site in one of Northern California's most supply-constrained industrial corridors. Building permits must be pulled by December 1, 2026 to preserve the existing entitlements and approved building plans.
Positioned immediately off Highway 101, the site provides strategic access to Silicon Valley, the greater Bay Area, the Salinas Valley, and Central California. Gilroy continues to benefit from tenant migration out of higher-cost Silicon Valley submarkets while maintaining some of the lowest land acquisition costs in the Bay Area. The approved project has been thoughtfully designed to accommodate a variety of occupancy strategies, including a single campus user, two-building occupancy, or a multi-tenant configuration, allowing future ownership flexibility to respond to evolving market demand.
The surrounding South County industrial market is anchored by institutional ownership and a growing roster of corporate users. Coupled with limited new industrial supply, strong tenant demand, and rental rates that compare favorably to development economics throughout the broader Silicon Valley and East Bay markets, Renz Industrial Center offers a compelling opportunity to develop a modern industrial asset in a highly strategic location with significant long-term growth potential.