Page 20 - Port of Stockton 2018 Annual Report

2018 ANNUAL REPORT // 85TH ANNIVERSARY EDITION
tenant expansion and growing
Developments aT the port
2018 was a year of current tenant
expansions, filling almost every warehouse
available and bringing the occupancy
rate to nearly 97%. The Port’s Properties
Department has been busy working on new
leases for existing tenants to expand their
operations at the Port. An example of
expanding footprints are Yara and Contanda,
who are both constructing new terminal
additions. The Port has also seen current
tenant growth on the warehousing side,
which includes all types of products ranging
from cottonseed to steel coils.
Contanda, who already has a liquid bulk
facility on the East Complex, is also
rebuilding their current facility with new
tanks, rail and a pipeline. In addition to their
existing facility and with a capital investment
of more than $10 million, Contanda will more
than double in size with a planned tank and
truck terminal expansion anticipated to be
complete by 2020.
Yara, who already has a dry bulk fertilizer
facility on the West Complex and a liquid bulk
PELTON
SHEPHERD
TENANT SPOTLIGHT
Pelton Shepherd Industries
(PSI) began in 1950 and
manufactures a wide range
fertilizer facility on the East Complex, will of refrigerant products,
expand their liquid facility operation to better supplying the packaging
serve California farmers through the addition industry with products
for redistribution. As the
of a new truck terminal across the street creators of the patented
from their existing facility. With a capital Blue Ice and the oldest
investment of approximately $10 million, this manufacturer of gel ice in
expansion will increase product throughput the country, PSI products
supported by more ships and railcars. are used in temperature
controlled shipments as
the energy source that
Other new tenants from 2017 have started provides cooling of
construction on their facilities as well. perishables during transit.
SATCO (Sulphuric Acid Trading Company)
and Sioneer are both expanding, with “The Port of Stockton
SATCO building the first sulphuric acid provides excellent
maritime facility on the West Coast and infrastructure and services
that meet all our business
Sioneer building a glass recycling facility needs,” said Pat Shepherd,
for turning waste glass into pozzolan to be Vice President. “The
used as a cementitious additive. Both of recent improvements for
these projects combined represent a capital truck access to the West
investment of more than $35 million. Complex has assisted our
growth. The Port has been
our business home going
With 135 tenants doing business at the on two decades and we
Port, the Properties Department has a full expect the relationship to
workload taking care of their daily and long continue for years to come.”
term needs. It is an exciting time with our
partners who call the Port their home.