Maritime Economic Development: Oakland
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Port of Oakland in Talks to Build Seaport Logistics Complex
Talks have begun to develop the next phase of a 170-acre Seaport Logistics Complex at the Port of Oakland. Port Commissioners on November 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. The new project would encompass 20 acres of port property. It would include transload and cross-dock facilities where importers could transfer containerized cargo from ships to trains. CenterPoint, a developer of transportation-related real estate projects, would build and lease the facilities to tenants involved in international logistics.
"We’re pleased to engage with one of the most respected names in industrial development," said Maritime Director John Driscoll, the port’s lead negotiator. "And we’re excited to realize our vision for the Seaport Logistics Complex.
The 20-acre facility will be built on land acquired by the port at a decommissioned army base. It will be adjacent to phase one of the Seaport Logistics Complex, a nearly completed 13-track rail yard.
The port sees the logistics complex as magnet for attracting additional containerized cargo. In subsequent phases of development, the port plans to construct a regional distribution center and warehouses at the complex.
Talks have begun to develop the next phase of a 170-acre Seaport Logistics Complex at the Port of Oakland. Port Commissioners on November 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. The new project would encompass 20 acres of port property. It would include transload and cross-dock facilities where importers could transfer containerized cargo from ships to trains. CenterPoint, a developer of transportation-related real estate projects, would build and lease the facilities to tenants involved in international logistics.
"We’re pleased to engage with one of the most respected names in industrial development," said Maritime Director John Driscoll, the port’s lead negotiator. "And we’re excited to realize our vision for the Seaport Logistics Complex.
The 20-acre facility will be built on land acquired by the port at a decommissioned army base. It will be adjacent to phase one of the Seaport Logistics Complex, a nearly completed 13-track rail yard.
The port sees the logistics complex as magnet for attracting additional containerized cargo. In subsequent phases of development, the port plans to construct a regional distribution center and warehouses at the complex.
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