Goodman Logistics Center Welcomes First Tenant as Benjamin Moore & Co. Inks Lease for 1/3 of Available Space
- Aug 13, 2014
The Goodman Logistics Center in Oakland has announced its first new tenant as Benjamin Moore & Co. inked an agreement to take over more than a third of the available space at the site. The property will serve as the new tenants’ base of operation which will supply paint to Northern California stores. Benjamin Moore & Co. is a unit of Berkshire Hathaway, a Warren Buffett controlled entity. The new tenant is moving to Oakland from its current regional distribution center located in Hayward during the following months. Benjamin Moore & Co.’s lease includes 46 dock doors and an office component of 3,500 square feet.
Completed this May, the 374,725 square -foot Goodman Logistics Center is the first project completed by the Goodman Birtcher joint venture in North America. According to The San Francisco Business Times the joint venture was created by Australia-based Goodman Group and Irvine-based Birtcher Developments and Investments and has capital participation from the Canada Pension Plan Investment Board. This is also the inaugural project in an $890 million investment partnership between CPPIB and Goodman targeting industrial space in the cities of North America. Contracting duties were handled by Fullmer Construction, while HPA Architects provided the project’s design and architecture.
The industrial building is the largest freestanding industrial facility in the greater Oakland area to be developed in the area in the last twenty years. The asset offers great access to eight major freeways on the Heavy Weight Corridor (overweight container route). Developed within the Oakland Airport Business Center, an enterprise zone and eco-conscience industrial city created by local authorities to create a business-friendly environment, the property is also located in the immediate vicinity of the Oakland International Airport.
The property features include 32 ft. clear height, 92 loading positions in a cross-dock configuration, abundant truck and trailer storage, expandable car parking, and an allowance for office build-out for potential customers. Sustainability was part of the developer’s plan for the building, and a number of environmentally friendly fixtures were incorporated in the building design. The facility is on track for LEED Silver certification.
Image courtesy of us.goodman.com