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Performance Food Group to Develop New South Bay Distribution Center

Virginia-Based Food Distributor to Build 189,000-SF Facility Along Monterey Hwy. in Gilroy
October 3, 2017
Performance Food Group Co. (NYSE: PFGC), a food distributor headquartered just outside of Richmond, VA, purchased a 29.7-acre site at 5480 Monterey Hwy. in Gilroy, CA where the company plans to construct and operate a new 189,000-square-foot distribution center.

PFGC paid nearly $5.1 million, or about $171,000 per acre, for the vacant site located off Hwy. 101 in Outlying Santa Clara County Multifamily submarket. The company plans to begin construction immediately on its new facility.

Adam Citron of JLL represented PFGC in negotiations, while George Renz of Renz & Renz represented the seller.

For more information on this transaction, please refer to CoStar COMP #4003019.
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