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Port of Oakland picks developer to kick off West Coast's largest logistics center

11/17/2015

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Nov 17, 2015, 2:30pm PST

The Port of Oakland has picked industrial developer CenterPoint Properties as a partner to build a logistics facility as part of the $500 million redevelopment of the former West Oakland army base.
​
The Port and Oak Brook, Ill.-based Centerpoint Properties have signed a six-month exclusive negotiating contract, with plans to build a 20-acre facility to transfer cargo from trains to ships. The project is part of the Seaport Logistics Complex, which will encompass 170 acres and would be the largest logistics center at a West Coast port.
Picture
Container ships sit at a berth at the Port of Oakland. DAVID PAUL MORRIS / BLOOMBERG NEWS
The Port's project is separate from the nearby Oakland Global Trade and Logistics Center, developed by Phil Tagami's California Capital & Investment Group's. That project has drawn opposition from environmentalists and city officials after tenant Terminal Logistic Solutions was found to be negotiating with Utah counties to ship coal through the facility.

“We’re pleased to engage with one of the most respected names in industrial development,” said John Driscoll, the Port of Oakland's maritime director, in a statement. “And we’re excited to realize our vision for the Seaport Logistics Complex."

Separately, the Port of Oakland reported that imports dropped by 3.3 percent in October, an unexpected decline during a historically busy season.

Centerpoint owns over 50 million square feet of industrial properties around the U.S. It also owns the 190-acre CenterPoint Intermodal Center-Manteca in Manteca.

Roland Li covers real estate and economic development

http://www.bizjournals.com/sanfrancisco/blog/real-estate/2015/11/port-of-oakland-centerpoint-army-base-shipping.html​
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  • Home
  • Sanjiv Handa
  • Gene's Blog
  • Rotunda RFP
    • Lawsuit against Rotunda Partners II >
      • Facts you should know about the Rotunda Building
      • Facts you should know about the Rotunda Garage
      • Charges in massive investment fraud case
      • Phil Tagami's Obligation
  • Gene Hazzard -Keeping eyes open
    • Hazzard substitution of attorney
    • Public Record Request [PORT] about the $100,000.00 deposit, NO Straight answer.
    • Court Reporter Transcript
    • The Power Broker? >
      • Robert Moses >
        • NY Times February 14, 2007
  • Chronology of Tagami's scheme of Private-Public Partnership with City Projects
  • Another Tagami scheme - Rotunda Building deal
    • Eight Years Later, Tagami Still Hasn’t Started Rotunda Project City Fails to Hold Developer Responsible
    • 1630 San Pablo - Parcel 2
    • Rotunda Building Loan
    • Post -Tagami Failed to Make Payments on Rotunda Development Loan
    • City Urges No Action in Tagami’s Failure to Make Payments on $12 Million Loan
  • Oakland Army Base
    • Port to Give Tagami $600 Million Exclusive
    • OAB - Wikipedia
    • OAB - Military Museum
    • Army Base Gateway Redevelopment Project
    • BAAQMD Comments on Air Monitoring Work Plan
    • Cost Sharing Agreement
    • OAB Rezoning and LDDA update
  • Billboards in Oakland
  • Port of Oakland
  • Oakland Raiders?
  • Who is running Oakland?
    • Jerry Brown
    • Don Perata
    • Judge Robert B. Freedman
    • Jacques Barzaghi
    • Gawfco Enterprises
    • Deception
    • Doug Bloch
    • Phil Tagami >
      • SF Business Times November 20, 2005
      • Rotunda wrestling
      • A conversation with Oakland developer Phil Tagami
      • Audit of $91 million Fox Theater project
      • Tagami Conflict
      • CCIG Response to Oakland Works
      • Oakland developer Phil Tagami named to state medical board
      • ‘Shotgun Phil’ hits another bullseye — with governor’s help
  • CleanOakland Store
  • CenterPoint Properties