Ford Point Industrial Property Sells for $104M

Cushman & Wakefield has advised on the $104 million sale of Ford Point, a historic 479,000-square-foot creative R&D industrial property in Richmond, CA. The asset was 83% leased at the time of sale to strong corporate tenants including Sun Power, Mountain Hardware and California Closets.

Cushman & Wakefield’s Northern California Markets Group represented the seller, Orton Development and Cushman & Wakefield also arranged financing for the buyer and will lease the project as well.

“Ford Point is a spectacular asset and model of urban revitalization and is truly a one-of-a-kind Bay Area Landmark,” said Cushman & Wakefield’s Seth Siegel. “This important Bay Area treasure has been a labor of love for the Orton Development team from the time they purchased it in 2004.”

Designed in 1930, Ford Point was built as the Ford Motor Assembly Plant, the largest on the West Coast. It has been on the National Register of Historical places since 1988 and is home to the Rosie the Riveter Visitor Center.