Jones Lang LaSalle gegins marketing under construction facility near airport
OAKLAND, Calif., March 11, 2013 – Jones Lang LaSalle has begun marketing for lease the Goodman Logistics Center Oakland, a +/-374,725 square foot distribution facility now under construction at 8350 Pardee Drive, 0.25 miles from the Oakland International Airport. Jason Ovadia and Kevin Ahaesy of JLL’s Industrial and Logistics team hold the listing.
The property, which is being built with a LEED certified shell, is the first new development in a planned strategy of up to $1.5 billion in ‘next generation’ logistics and industrial facilities in major distribution markets in the U.S. by Goodman Birtcher, a partnership between Australian property investor Goodman Group and Irvine, Calif.-based industrial developer Birtcher Development.
“Northern California, and the I-880 corridor in particular, is a critical location in the supply chain and distribution network to the San Francisco Bay area population of more than seven million people. It is a key logistics hub for many businesses and will continue to attract investment in state of the art distribution and logistics facilities as a result,” said Jason Ovadia, Senior Vice President, Jones Lang LaSalle.
Jones Lang LaSalle Senior Vice President Kevin Ahaesy added, “The Oakland Airport Logistics Center is the first major distribution development of its kind in more than 20 years and because of its close proximity to the Port of Oakland will be in high demand to distribution companies with heavy container volume.”
The fully-sprinklered, secure building features 92 dock high and two grade-level loading bays and 39 trailer drop spaces. It sits within the Oakland Enterprise Zone, is strategically positioned to provide access to eight major freeways and is 7.4 miles from the entry to the Port of Oakland.
The growth in e-commerce is one of the major factors behind the increasing demand for warehouse and logistics facilities. One third of all demand for big box warehouse space has been tied to multi-channel retailers or e-tailers who have found online and mobile sales driving the need for fewer brick and mortar retail stores and more regional distribution facilities to accommodate ‘next day delivery’.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.