Newark, CA (May 31, 2016) — Overton Moore Properties and Newmark Cornish & Carey today announced that Silicon Valley’s newest, high-image, advanced manufacturing industrial project is under construction and available immediately. At approximately 140,000 square feet, OMP Eureka Landing can accommodate up to 45,000 square feet of custom-built office space and features a modern design aesthetic and premium building amenities. Construction began in April and is scheduled for completion in October of 2016.
Located at 39888 Eureka Drive in Newark, California, Eureka Landing lies two blocks west of Interstate-880 within the Stevenson Point Tech Park. The 1.1 million-square-foot Tech Park is populated with cutting-edge high technology companies including Apple, Unigen Corporation, SMART Modular Technologies and Triple Ring Technologies, Inc.
“We are very excited to introduce our latest Silicon Valley project, OMP Eureka Landing,” said Timur Tecimer, CEO of Overton Moore Properties. “We have designed the building to optimize it’s utility by high tech, life science, data center, clean energy or solar firms to realize and create their innovations in the same space.”
Overton Moore launched the OMP Eureka Landing development following its tremendous success with Crossings @ 880, a 700,000-square-foot project in Fremont which the developer completed in 2014 and fully leased to Apple, Living Spaces and Pivot Interiors. Crossings @ 880 sold in August of 2015 to an affiliate of BlackRock Realty Advisors.
“OMP Eureka Landing represents a unique opportunity to lease a brand new, high quality building which is also customizable to its user’s specifications,” said Steve Kapp, a Newmark Cornish & Carey executive managing director who is marketing the property together with Senior Managing Director Mike Spiro and Associate Director Curtis Stahle. “With industrial vacancies below three percent along the I-880 corridor, and a mere handful of buildings with comparable space currently available throughout the entire Silicon Valley, OMP Eureka Landing is a timely solution for companies growing and developing here.”
In addition to the potential for 45,000 square feet of office space, OMP Eureka Landing will be built to handle business with 16 dock high doors, two oversized grade level doors, 32-foot clear height, ESFR sprinkler systems and 4,000 amps of 480-volt power, double that of most buildings on the market. The building is completely secure and well designed to ensure maximum privacy for single tenancy. Sustainable landscaping and skylights arranged to allow installation of solar panels cap off the LEED-compliant project.
About Overton Moore Properties
Founded in 1972, Overton Moore Properties (OMP) is a full service commercial real estate firm that focuses on the development, investment, acquisition, management, financial reporting and financing of commercial properties in California, Arizona and Nevada. Ranked as the second largest commercial developer in Los Angeles by the Los Angeles Business Journal, OMP is a privately held firm that acquires and develops through joint ventures or direct equity investments. It also manages over 6 million square feet on behalf of institutional clients.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark Grubb Knight Frank, one of the world’s leading commercial real estate advisory firms. Regionally, Newmark Cornish & Carey has more than 280 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.newmarkccarey.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents. For further information, visit www.ngkf.com.