Goodman Birtcher Lands Tenant for Oakland Facility

Last summer, the Goodman Logistics Center in Oakland announced that one third of the facility’s available space had been leased out to Benjamin Moore & Co. With about a third of the available space taken, the property recently announced another major tenant, as a deal worth $16.25 million was recently completed with Coasters Company of America. The Santa Fe Springs-based company has signed on for ten years at the facility, in a deal that was brokered by Tim Cronin and Craig Hagglund of Lee & Associates Oakland. Developer and landlord Goodman Birtcher worked with JLL rep Jason Ovadia in the leasing deal.

 

Goodman Logistics Center in Oakland has landed Coaster Co. of America for a 10-year lease valued at $16.25 million. Santa Fe Springs-based Coaster, a furniture importer in the United States and Mexico, will take 232,881 square feet in the Class A industrial building.

Completed last May, the 374,725-square-foot facility is the first project developed in North America by Goodman Birtcher, a joint venture of Australia’s Goodman Group and Birtcher Development & Investments of Irvine, Calif.

Located at 8350 Pardee Drive, the property enjoys a competitive advantage as “the only Class A warehouse built in the Oakland region in nearly 20 years,” said Tim Cronin, a senior vice president based in Lee & Associates’ Commerce, Calif., office and a member of the team representing Coaster.

Cronin described the building as a good fit for the tenant because of its “modern design, function and close proximity to the Port of Oakland.” Coaster’s commitment follows the announcement last August that Benjamin Moore Co. had taken about one third of the facility’s available space.

Coaster plans a June move-in after completion of tenant improvements. Craig Hagglund, a principal in Lee & Associates’ Oakland office, joined Cronin in representing the tenant; Jason Ovadia, a senior vice president with JLL, worked with Goodman Birtcher.

Goodman Logistics Center features 32-foot clear heights, 92 loading positions in a cross-dock configuration, truck and trailer storage, as well as expandable car parking. The facility is on track for LEED Silver certification.