OAKLAND — A West Coastline logistics giant has leased a large warehouse complex at the Port of Oakland, a deal that marks a productive initial phase of the redevelopment of the extended-defunct Oakland Military Base web site.
PCC Logistics has leased a making that totals 460,800 sq. feet, the project’s developer, CenterPoint Attributes, claimed Tuesday.
That amount of square footage is equivalent to 8 football fields.
“Our workforce met its goals, to make a fop-flight facility and anchor port expansion and modernization, assist make a major positive effect on the town and location, and partner with a wonderful tenant in PCC,” explained Michael Murphy, CenterPoint’s main development officer.
The just-leased constructing is the initially of two phases in the redevelopment of the former Oakland Army Base. CenterPoint broke ground in 2019 on the building.
The Port of Oakland hopes that the seaport will be capable to function additional competently with a significant logistics endeavor positioned inside the port somewhat than at an off-web-site site.
Brokers Jason Ovadia and Patrick Metzger of business real estate company JLL and Sam Higgins of professional authentic estate firm KBC Advisors arranged the lease.
The 27-acre site that the making occupies will provide substantial parking and outside storage. An upswing in imports to U.S. seaports, together with the West Coast ports, has intensified the need to have for successful logistics functions.
San Leandro-primarily based PCC Logistics gives a huge assortment of distribution and warehouse expert services, which include some rail expert services. The enterprise operates out of the ports of Oakland, Seattle, Tacoma, Los Angeles and Lengthy Seaside.
PCC Logistics serves the foodstuff and beverage, substantial cargo, retail, e-commerce, weather control, warehouse and distribution industries.
“We labored intently with the Port of Oakland to make sure the exceptional outcome for the port,” Murphy claimed.