JLL Markets Vallejo’s Historic Mare Island Maritime Campus

JLL has been retained to provide strategic advisory and brokerage services for Mare Island Maritime Campus, a 350-acre maritime industrial property with two million square feet of existing buildings and four operational dry docks. Located in Vallejo and established in 1854 as the first permanent West Coast Naval base, the former Mare Island Naval Shipyard represents a generational opportunity as federal mandates and bipartisan legislation drive the largest maritime industrial mobilization since World War II.

JLL is advising The Nimitz Group, owner of the maritime industrial land and assets, on repositioning the property’s irreplaceable maritime infrastructure to accommodate surging demand for domestic ship and submarine manufacturing. The owner is pursuing flexible transaction structures, including leasing individual assets or entering into strategic partnerships with investors or tenants.

Greg Matter, who co-leads JLL’s Advanced Manufacturing Group; Matt Bracco, who co-leads JLL’s North Bay Industrial team; Kristi Childers with JLL’s Agency Leasing group; and Karlen Beitman with JLL’s Public Institutions’ Strategic Advisory team are leading the marketing and advisory efforts. Additionally, Peter Miscovich with JLL’s Consulting practice; Matt Do with JLL’s Government & Education Advisory practice; and Tom Taylor, who leads JLL’s Aerospace and Defense Work Dynamics practice, represent the key JLL advisory groups involved.

“This is existing infrastructure that simply cannot be replicated: four operational dry docks, deepwater access and workforce-ready facilities that were built once and are ready now for the maritime resurgence happening across the country,” said Matter. 

this level of existing maritime infrastructure simply doesn’t exist anywhere else on the West Coast in private hands,” Beitman added. “At a time when the nation is prioritizing domestic shipbuilding capacity and naval expansion, Mare Island offers speed, scale, and strategic capability that would take decades and billions to recreate from scratch.”