Overton Moore Pays $22MM for Aging Dublin Property

Bay Area, Overton Moore, Dublin, East Bay, Hexcel Corporation

By Vladimir Bosanac

A Southern California-based industrial stalwart is making its footprint in the Bay Area larger. Torrance-based Overton Moore just spent $22 million on a property in Dublin located at 11711 Dublin Blvd., which came to roughly $392 per square foot, according to public records reviewed by The Registry. The opportunity, however, may likely be in the size of the 8.4-acre parcel, which Overton Moore may decide to redevelop in the future and convert the ‘60s two-story vintage office property into a last-mile type of property that would serve the residential neighborhoods of West Dublin.

The seller of the property was Stamford, Conn.-based Hexcel Corporation, which has been a long-time owner of the property. The company bills itself as a leading producer of carbon fiber reinforcements and resin systems, and the world leader in honeycomb manufacturing for the commercial aerospace industry, according to its website. The company serves the commercial aerospace, industrial and space and defense industries.

Overton Moore, which was founded in 1972, has become a premier full-service commercial real estate company that focuses on the industrial sector. The company focuses on core industrial, office and self-storage properties across Southern California, Northern California, Arizona, Nevada and Utah. In the Bay Area, Overton Moore has been an active developer and owner and operator of industrial facilities. One of it most prominent recent projects is Pacific Commons South, a 1.9 million square foot industrial asset located in Fremont’s Warm Springs District. 

Dublin has not been on the radar for industrial projects recently, and most of the activity in the East Bay city has been around multifamily housing, corporate office properties and development sites. In early 2020, Amazon paid $50 million to buy the 210,620 square foot research and development facility at 5160 Hacienda. Carl Zeiss Meditec was the tenant in the building at the time, and the company has since vacated the building.

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