H-P warehouse goes on the market
　　A giant warehouse complex in Roseville occupied by Hewlett-Packard Co. has been put on the market for lease by its Beverly Hills owner because H-P is vacating the facility in October.
　　The buildings and their leases are casualties of H-P's decision to move its server manufacturing unit and related work from Roseville to Houston.
　　But the buildings could become a windfall for prospective tenants, because landlord Amir Development is able to discount the lease, using some of the cash from H-P's buyout of the lease.
　　The pullout could boost South Placer's vacancy rate in industrial properties by about 35 percent.
　　The complex is located at 10000 Alantown Drive, off Blue Oaks Boulevard east of Highway 65 in Roseville. It comprises two side-by-side buildings totaling 769,698 square feet, plus 49 acres that can hold another 160,000 square feet, said Todd Sanfilippo, a broker with CB Richard Ellis. Sanfilippo and colleague Walter Smyth are marketing the land.
　　The buildings can house more than one tenant, with leases as small as 200,000 square feet. The structures were outfitted with 900 tons of air conditioning, making the buildings suitable for other manufacturers, he said.
　　Moreover, unlike typical warehouses with loading docks on one side only, the buildings have docks on both sides so that raw material can be delivered on one side while finished product can be shipped out from the other. The buildings also can be used as simple warehouses.
　　"Most likely, the buildings will be leased to multiple tenants, because of their size, and because of the nature of the Sacramento distribution market today," he said.
　　Adding 5 points to the vacancy rate: The local market has seen a decline in leases by large, national distributors because of the national economic slowdown, but smaller users are still active.
　　Palo Alto-based H-P signed a 10-year lease for the complex in June 1999, and occupied it that year just after it was completed by Panattoni Development Co.