Monday, November 13, 2017

Port of Oakland Deal for Decommissioned Army Base Logistics Centre Gets First OK

Fifty Million Dollar Plan for Logistics Complex Clears Initial Hurdle
Shipping News Feature
US – A multi-million dollar plan to revitalize a decommissioned Army base as a logistics centre for the Port of Oakland is nearer reality after Port Commissioners gave preliminary approval to a deal to develop the area. Port of Oakland Executive Director, Chris Lytle, said:

“The future is at hand. We’ve got a great development partner, a great plan for the community and a new direction that will set us apart from competitors once the deal is fully approved.”

The Board of Port Commissioners voted initial approval of the agreement last week and the final vote will take place on November 30. If the Commissioners say yes a second time, the deal becomes official in January.

The agreement calls for industrial real estate giant CenterPoint Properties to develop a $52 million logistics facility on Port property that once served as an Army supply depot. Construction would bring to fruition some twenty months of negotiations between CenterPoint, the Port, and Revive Oakland.

This project would be the first phase of a planned Seaport Logistics Complex that could eventually encompass nearly 180 acres. The vision for the Complex includes a modern distribution centre with a railyard in the heart of the Port. Work on CenterPoint’s 440,000-square-foot building could begin as early as the first quarter of 2018 and, if built, the building would be the largest distribution facility at any US West Coast Port. CenterPoint Chief Development Officer Michael Murphy, said:

“We’re pleased to take part in an important growth project for California’s economy. The Port of Oakland has a thoughtful vision for the future and with this agreement we can help them bring it to life and provide jobs that give people dignity and allow them to stay in Oakland.”