Commencement of Construction of 300,000 Square Feet of Advanced Manufacturing and Distribution Space
OAKLAND, CA – SEPTEMBER 28, 2017 – Overton Moore Properties (OMP) today announced that Kevin Hatcher, SIOR, and Bob Ferraro, SIOR, from CBRE’s Oakland office have been selected for the industrial leasing of Marina Gateway Industrial Center, a new development located at 2000 Marina Boulevard in San Leandro, California.
OMP has commenced construction of the Marina Gateway Industrial Center which will include a state of the art 300,000 square foot speculative industrial building. KPRS is serving as the general contractor and the architect for the project is HPA.
CBRE’s Kevin Hatcher arranged the sale of the property to OMP in December 2016 from Georgia Pacific Corporation. The 13+ acre site is located on Marina Boulevard located less than 3 miles from Oakland International Airport, 7 miles from the Port of Oakland, one block from Interstate 880 and has a BART shuttle stop across the street.
“This location offers a very rare opportunity for modern functional building design and will be the Bay Area’s premier building ideal for advanced manufacturing or food processing and exceptional for ‘last mile’ distribution,” according to Timur Tecimer, Chief Executive Officer, OMP. “Bay Area population demographics and density enable consumer products and e-Commerce distribution platforms to reach more than 6 million people within 60 miles.”
The project will feature 32’ clear height, ESFR fire life system, gated 185’ truck court, capacity for 60 trailer parking and enormous utility infrastructure that will appeal to manufacturing and distribution occupiers. The site has onsite Water Well capable of 300 gallons per minute and sewer capacity including up to $4 Million of connection credits. Additionally, the building can accommodate solar roof panels on the entire roof structure. The property has connectivity advantages with San Leandro Fiber Optic Loop.
“We are thrilled with the opportunity to partner with Overton Moore Properties once again. We anticipate another successful project combining the best in class developer of logistics real estate, strong fundamentals and one of the tightest industrial submarkets in North America,” said CBRE Senior Vice President, Kevin Hatcher. “No other freestanding building in the market has comparable utility infrastructure with power, water, sewer, solar, and connection credits with an onsite well capable of producing 300 gallons drinkable water per minute. The intangible value is enormous for food and beverage producers. The Marina Gateway Industrial Center promises to deliver an incredible tenant experience for a location-sensitive or image-conscious Occupier.”
About Overton Moore Properties
Overton Moore Properties (OMP) is a privately held company specializing in real estate development, acquisition, master planning, marketing, asset management, property management, construction management, and financial reporting of industrial, office and mixed-use projects. OMP’s long-term franchise value, local market knowledge, deep relationships with tenants and the brokerage community and strong institutional relationships have contributed to its success throughout the past 42 years. OMP has constructed and acquired more than 40 million square feet of office, industrial, and mixed-use space, developing more than 1,598 acres of raw land throughout California and Arizona. The firm also owns and manages over 6 million square feet of space in the region.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.