By Karen Robes Meeks
The Port of Oakland and CenterPoint Properties broke ground on CenterPoint’s new 466,830 square-foot logistics facility at the former Oakland Army Base.
Viewed as a centerpiece project within the port’s Seaport Logistics Complex, the new facility is expected to decrease truck travel and offer living-wage jobs for Oakland residents. The development represents more than $60 million in investment in Oakland’s future.
“The facility will be built to LEED standards and be prepped for electric vehicle charging stations,” said the port. “CenterPoint worked with the Port and the community to sign a groundbreaking jobs policy that prioritizes employing workers from nearby neighborhoods to work in living-wage warehouse jobs. This will provide a pathway to good jobs and help curb economic inequality.”
Showing posts with label CenterPoint Properties. Show all posts
Showing posts with label CenterPoint Properties. Show all posts
Friday, October 11, 2019
Friday, November 20, 2015
Oakland in Talks for Logistics Complex
By Mark Edward Nero
The Port of Oakland has begun talks to develop the next phase of a 170-acre Seaport Logistics Complex. Port commissioners on Nov. 12 gave the go-ahead, authorizing exclusive negotiations between the port and industrial real estate developer CenterPoint Properties.
The port and developer were given six months to reach agreement on building a portion of the complex that would encompass 20 acres of port property and would feature transload and cross-dock facilities where importers could transfer containerized cargo from ships to trains.
CenterPoint, which is based near Chicago but has a regional office in Los Angeles, is a major developer of transportation-related real estate projects. Under the agreement with Oakland, it would build and lease the facilities to tenants involved in international logistics.
“We’re excited to realize our vision for the Seaport Logistics Complex,” said the port’s lead negotiator, Maritime Director John Driscoll.
The 20-acre facility would be built on land acquired by the port at a decommissioned army base, and would be adjacent to phase one of the Seaport Logistics Complex, a 13-track railyard that’s nearing completion.
Port officials said they're creating the largest logistics complex at any West Coast US port. In subsequent phases of development, the port plans to construct a regional distribution center and warehouses at the complex.
The Port of Oakland has begun talks to develop the next phase of a 170-acre Seaport Logistics Complex. Port commissioners on Nov. 12 gave the go-ahead, authorizing exclusive negotiations between the port and industrial real estate developer CenterPoint Properties.
The port and developer were given six months to reach agreement on building a portion of the complex that would encompass 20 acres of port property and would feature transload and cross-dock facilities where importers could transfer containerized cargo from ships to trains.
CenterPoint, which is based near Chicago but has a regional office in Los Angeles, is a major developer of transportation-related real estate projects. Under the agreement with Oakland, it would build and lease the facilities to tenants involved in international logistics.
“We’re excited to realize our vision for the Seaport Logistics Complex,” said the port’s lead negotiator, Maritime Director John Driscoll.
The 20-acre facility would be built on land acquired by the port at a decommissioned army base, and would be adjacent to phase one of the Seaport Logistics Complex, a 13-track railyard that’s nearing completion.
Port officials said they're creating the largest logistics complex at any West Coast US port. In subsequent phases of development, the port plans to construct a regional distribution center and warehouses at the complex.
