Omni Logistics Signs Up for 191,000 SQFT in Union City

Omni Logistics, CBRE, Union City, Cushman & Wakefield, James Campbell Estate
Courtesy of Cushman and Wakefield

By Meghan Hall

Well-located, core industrial properties are continuing to attract expanding tenants, particularly those geared toward warehousing and distribution. To kick off 2021, Omni Logistics has agreed to lease property just adjacent to one of its existing spaces. According to the leasing team, the 3PL firm will take 191,000 square feet in Union City.

The newly-leased property is located at 33300 Dowe Avenue and was originally built in 1973. While mostly industrial, the property features 3,655 square feet of existing office space. Other features include skylights, fully fenced yard and loading area, 21 high-dock doors and clear heights between 21 and 23 feet. The property became available in September of 2020 after previously being occupied by SEKO Logistics, another global shipping firm.

CBRE’s Senior Vice Presidents Michael Barry and Bob Ferraro represented Omni in the transaction. James Campbell Estate—the property’s owner was represented by Cushman and Wakefield’s Jeff Starkovich and Jay Hagglund.

Omni currently has an office at 33215 Dowe Ave. which operates as a distribution center. Both its current and new spaces are easily accessible via Interstate 880 and Highway 238. Omni will continue to be located just across the Bay from San Francisco, while downtown Palo Alto, Redwood City and Fremont are all within a short drive.

Omni provides a mix of freight forwarding, warehousing and distribution, specialized services and tech to its clients. The company, which is headquartered in Dallas, Texas, and is privately held, sees the San Francisco and greater Bay Area region as a key market for growth.

“San Francisco is the leading financial and cultural center of Northern California and the San Francisco Bay Area,” the company’s website states. “With a large portion of San Francisco’s economy invested in technology and startup businesses, Omni’s customizable services provide the ideal solution to meet the unique needs of any sized company.”

At the end of the fourth quarter, Union City had about 12.66 million square feet of industrial space according to data released by CBRE. Overall total vacancy sat at just 1.6 percent, one of the lowest in the submarket. The vacancy rate for manufacturing space in Union City sat at zero percent, while vacancy for warehouse space sat at just two percent. Asking rates in the market come in at about $0.92 per square foot. Despite the difficulties posed by  COVID-19, fundamentals indicate that the Union City industrial market has remained competitive, with little space available to accommodate expanding companies.

“There’s certainly a lot of pent up demand for warehouse in our market,” stated Ferraro. “We expect 2021 and moving forward to be very active for leasing and sales of industrial properties along the 880 Corridor.”

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