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Coasters Company of America Signs 10-Year Lease for 232,881 SF in Oakland
Lee & Associates Oakland and Ontario negotiate $16.25 million prelease
Lee & Associates negotiates $16.25 million prelease
OAKLAND, Calif.—February 6, 2015—Coasters Company of America, a Santa Fe Springs-based company that is one of the leading furniture importers and distributors of fine furniture in the United States and Mexico, has signed a 10-year lease for a 232,881-square-
Tim Cronin, SIOR, of Lee & Associates Commerce, joined Craig Hagglund, SIOR, of Lee & Associates Oakland, in the representation of Coasters Company of America.
“The building was recently constructed, and is the only Class “A” warehouse built in the Oakland region in nearly 20 years. Coasters is expected to occupy the building when the tenant improvements are completed in June 2015,” said Cronin. “Its modern design, function and close proximity to the Port of Oakland made this building the perfect fit for Coasters”
A number of sustainable features were incorporated into the building design and Goodman Logistics Center Oakland is expected to gain a Silver LEED Certification from the US Green Building Council.The facility includes 32-foot clear height, ESFR sprinklers, energy efficient lighting, concrete truck courts, ample car and truck parking.
The developer and landlord, Goodman Birtcher, was represented by Jason Ovadia, SIOR, of JLL in Walnut Creek.
About Lee & Associates
Celebrating more than 36 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With almost 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-