Goodman Birtcher Lands Tenant for Oakland Facility
- Feb 13, 2015
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.