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Adobe Lumber pays $7M for Fairfield space
East Bay Business Times - October 13, 2006
by Jessica Saunders

Adobe Lumber has paid $7 million for a 130,000-square-foot manufacturing and distribution building vacated this year by fireplace accessory manufacturer Pilgrim Home & Hearth LLC.

The wood products and building supply company will occupy about 30,000 square feet of the building on 9.8 acres in Fairfield at 2400 Cordelia Road, as well as the property's secured yard.

Adobe plans to lease the remaining 100,000 square feet, said Brooks Pedder, managing partner for Colliers International in Fairfield, who represented Adobe Lumber along with Colliers Managing Partner Phil Garrett.

John Troughton, senior director of Cushman & Wakefield, said the building was not included in the 2005 sale of Pilgrim for $4.75 million to SilkRoad Resources LLC, a private equity firm in Palo Alto, and Triton Pacific Capital Partners LLC. Instead, Pilgrim's former owners kept the property and looked for another buyer. Troughton and Matt Bracco represent"