Overton Moore Leases Up Marina Gateway Industrial Center In San Leandro
Overton Moore Properties has inked a lease for the entirety of the under-construction Marina Gateway Industrial Center in San Leandro. Torani, a food manufacturing company, signed a 15-year, $65M lease for 327K SF at 2000 Marina Blvd.
Torani, which manufactures syrups, sauces and beverage bases for coffees and various drinks, will move its corporate headquarters and manufacturing facilities from South San Francisco to San Leandro. The tenant will have a café and a tasting area and offer tours to the public.
The lease includes the entire 300K SF industrial space as well as a mezzanine and office area. The food manufacturing company has 140 employees and plans to increase its headcount to 250 in 2030.
The industrial project is a joint venture with LaSalle Investment Management and is expected to be completed by August. CBRE Senior Vice President Kevin Hatcher represented OMP, and CBRE Senior Vice Presidents David Black and Bob Ferraro represented Torani.
The project will feature 32-foot clear heights, an ESFR fire life system, a gated 185-foot truck court, capacity for 60-trailer parking and enormous utility infrastructure. The property has an on-site water well capable of 700 gallons per minute and sewer capacity including up to $4M of connection credits. Additionally, the building can accommodate solar panels on the entire roof structure. The property is connected to the San Leandro Fiber Optic Loop.
HPA is the architect for the project and KPRS is the general contractor. Wells Fargo provided the construction financing.
