CenterPoint Properties Leases Up Port of Oakland Development
Posted By Staff Writers On March 29, 2022 @ 12:05 pm
OAK BROOK, IL – CenterPoint Properties has leased its landmark 460,830-square-foot first-mile facility at the Port of Oakland. The agreement with West Coast supply chain solutions provider PCC Logistics is the latest milestone for a development project years in the making.
In 2017, Port officials greenlighted the construction of CenterPoint Landing at Oakland Seaport as the first of two phases to redevelop the former Oakland Army Base site. The 370-acre site was a major launching pad for supplies to Pacific military bases for six decades until the Army moved out in 1999. The Port tapped CenterPoint to spearhead the project, which started site prep work in Summer ’18 and vertical construction the following summer.
“Our team met its goals: to build a fop-flight facility and anchor port expansion and modernization, help make a significant positive impact on the city and region, and partner with a terrific tenant in PCC,” said Michael Murphy, CenterPoint’s Executive Vice President & Chief Development Officer. “We worked closely with the Port of Oakland to ensure the optimal outcome for the Port. We’re very proud of what we have accomplished together,” Murphy finished.
CenterPoint’s Vice President of Development, John Lass, lauded his team’s determination to create a building hotly sought after by logistics companies outfitted with a host of sustainability features that earned it the U.S. Green Building Council’s LEED-Silver certification.
“It was important for the development team and our partners to deliver an environmentally responsible best-in-class facility. The USGBC certification and this lease signifies we delivered on both accounts, and that’s gratifying,” said Lass.
CenterPoint utilized the spacious 27-acre property for significant parking and outdoor storage, critical for logistics companies and distributors given the sharp increase in import activity at U.S. ports. The building also has 148 docks, which CenterPoint leaders say will help make it one of the most efficient on-port facilities in the country.
PCC is expected to take occupancy of the building when the lease commences in June.
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CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems — the delicate, the complex, the seemingly impossible — that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve. For more information on CenterPoint Properties, visit centerpoint.com, follow @CenterPointProp on Twitter or engage with us on LinkedIn.