CBRE Leases 155K-SF in Oakland to Chinese IT Company
CBRE’s Bob Ferraro, Michael Barry and Kurt Mrazik have arranged a 155,000-square-foot lease at an Oakland, CA industrial warehouse to China-based IT company Lansum International. CBRE represented the sub-landlord at the Pardee Drive facility while Colliers represented the sub-tenant.
“We’ve been experiencing record high activity in the Oakland/East Bay industrial market for the last two years, and while things have slowed slightly, we are still experiencing activity above pre-pandemic levels. Class A space of this size is hard to find in the East Bay, and with 1.5 million square feet of new product expected to deliver next year, several tenants have pre-leased space as availability remains below 5%,” said Ferraro.
Built in 2012, the warehouse features 30’ clear heights, 18 docks, a heavy trailer storage yard and 20,000 square feet of office space. The property is within a 15-minute drive to Oakland International Airport and Port of Oakland.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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