If you think The Atherton’s two bedroom, two bathroom apartment units that are now being ready for move-ins at the end of the month are pricey, wait until Towne Centre Apartments in Lathrop open.
The 1,100-square-foot unit will go for $2,495 a month when pre-leasing starts in May at the 84-unit complex on Golden Valley Parkway at Town Centre Drive.
That’s $165 more than the same size 2-2 floorplan is renting for at The Atherton being built just east of Bass Pro Shops on Atherton Drive in Manteca.
As of Tuesday, the 2-2 unit in the Lathrop complex that is targeted for mid-July move-ins is the most expensive among 2-2 apartments in Tracy, Manteca, and Lathrop.
At The Aspire in Tracy across from Winco Foods 2-2 units are going for $2,175. The highest priced 2-2 in Tracy is $2,455 in The Gateway complex on Grantline Road.
The most expensive one bedroom in the three cities is $2,125 at The Gateway in Tracy. Coming in behind that is The Atherton at $2,330, The Aspire at $1,990 and the Town Centre at $1,925.
The Atherton has the priciest studio at $1,875.
To put the Town Centre’s 2-2 rent in perspective, the priciest for a 2-2 in Livermore is Mill Spring Park at $2,784. The top price in Pleasanton for a 2-2 is $3,410 at Vintage Apartments. The winner for the nosebleed rent for a 2-2 is $3,920 at Crescent Village in San Jose.
The apartments referenced are all either new in the last year or so, are just being completed, or are the newest apartment complexes in their respective communities.
Great Wolf ‘owner’
looks to buy Medline
Blackstone, an alternate investment firm that acquired 65 percent controlling interest of Great Wolf in 2019, may be picking up another firm with Manteca connections.
Blackstone Group that has $619 billion assets under management is among those concerns expected to made a bid for Medline industries,
The big medical supply firm is leasing a 585,580-sqwuare-foot distribution center next door to the Manteca Unified School District office and behind Amazon Prime since 2018.
The firm’s footprint in South San Joaquin County includes 1.6 million square feet when two existing distribution centers are taken into account. The two distributions are near Stockton Metro Airport and in the massive Prologis International Park of Commerce on the western side of Tracy.
Medline initially relocated its Reno operations ton Lathrop’s Crossroads Business Park in 2002 to better serve the Northern California, Nevada and Utah markets. At one point Medline had expanded its Lathrop operations to include the ability to handle 100 containers bringing manufactured medical supply parts into the United States from 15 Asian cities via the Port of Oakland.
Medline sells more than 350,000 products across all medical care needs.
To contact Dennis Wyatt, email dwyatt@mantecabulletin.com
