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Port of Oakland MarketSpotlight - CBRE

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Increasing container traffi c and<br />

institutional investment have<br />

positioned the <strong>Port</strong> <strong>of</strong> <strong>Oakland</strong><br />

for the next economic wave.<br />

PORT OF OAKLAND<br />

MARKETSPOTLIGHT<br />

<strong>CBRE</strong> PORT LOGISTICS GROUP<br />

The <strong>Port</strong> <strong>of</strong> <strong>Oakland</strong> has invested heavily in critical infrastructure<br />

to maintain its place as a world class international<br />

cargo transportation and distribution hub<br />

and to ensure its ability to effi ciently meet the needs<br />

<strong>of</strong> future demand. The <strong>Port</strong> has dredged the shipping<br />

channel to ensure a draft <strong>of</strong> 50’ (capable <strong>of</strong> accommodating<br />

the largest Post-Panamax container ships)<br />

and has added additional container cranes to increase<br />

loading capacity.


PORT STATISTICS<br />

ACTIVITIES<br />

Approximately 88% <strong>of</strong> the <strong>Port</strong>’s trade is with international trading partners/regions and 12% is domestic. Asia is the<br />

most signifi cant trading partner <strong>of</strong> the <strong>Port</strong> <strong>of</strong> <strong>Oakland</strong>. In CY 2009, 83% <strong>of</strong> the TEU’s that moved through the <strong>Port</strong> either<br />

originated from or were destined for Asia.<br />

2010 Cargo Vessel Arrival: 1,973<br />

Deepwater Berths: 20<br />

Container Gantry Cranes: 36 (includes 30 Post-Panamax; 22 <strong>of</strong> which are super Post-Panamax)<br />

Container Terminals: 759.3 acres<br />

Principal Exports: Edible fruits and nuts, meat, machinery, beverages, inorganic and organic chemicals, vehicles/not<br />

railway, cereals, electric machinery, medical instruments, plastic, aluminum, hide and skins, iron and steel.<br />

Principal Imports: Furniture and bedding, machinery, electric machinery, beverages, knit and woven apparel, vehicles/<br />

not railway, toys and sports equipment, plastic, medical instruments, spices/c<strong>of</strong>fee and tea, iron/steel products, wood and<br />

miscellaneous textile articles.<br />

TEU’s<br />

2010 Loaded Import: 802,913<br />

2010 Loaded Export: 954,814<br />

2010 Empty Import: 201,179<br />

2010 Empty Export: 362,308<br />

Total TEU’s: 2,330,214<br />

Percentage change vs 2009: 13.9%<br />

ProLogis is in exclusive negotiations<br />

with the <strong>Port</strong> <strong>of</strong> <strong>Oakland</strong> and<br />

City <strong>of</strong> <strong>Oakland</strong> to redevelop the<br />

former <strong>Oakland</strong> Army Base.<br />

The project proposes to incorporate<br />

more than 300 acres <strong>of</strong> the former <strong>Oakland</strong> Army Base<br />

adjacent to marine terminals to create state-<strong>of</strong>-the-art distribution<br />

buildings. Through a major expansion to the rail<br />

intermodal and cooperation with <strong>Port</strong>s America, benefi cial<br />

cargo owners will have on/near dock capabilities. This development<br />

will also attract other industrial uses that may<br />

benefi t from being close to a thriving <strong>Port</strong>, such as manufacturing,<br />

assembly, and R&D facilities. This “Gateway to the<br />

West Coast” will change the face <strong>of</strong> <strong>Oakland</strong> and will bolster<br />

the local and regional economy.<br />

The <strong>Port</strong> <strong>of</strong> <strong>Oakland</strong> has entered into a 50 year concession<br />

and lease agreement with <strong>Port</strong>s America, the largest independent<br />

American terminal operator.<br />

Year to date (through May 2011) in TEU’s<br />

Loaded Import: 314,709, +4.2% same time period from<br />

previous year.<br />

Loaded Export: 409,739, +6.6% same time period from<br />

previous year.<br />

Grand Total: 941,034 TEU’s, +6.9% same time period<br />

from previous year.<br />

The fi rst phase <strong>of</strong> <strong>Port</strong>s America<br />

<strong>Oakland</strong>’s operational plan includes<br />

the investment <strong>of</strong> up to<br />

$150 million to upgrade 160<br />

acres within the <strong>Port</strong> <strong>of</strong> <strong>Oakland</strong>,<br />

comprising some 4,400<br />

feet <strong>of</strong> berth. This investment is expected to create over<br />

6,000 jobs within the Bay Area and <strong>Port</strong>s America estimates<br />

that it is likely to help to preserve an additional 85,000 jobs<br />

regionally.<br />

In addition, during the life <strong>of</strong> its operational stewardship at<br />

the <strong>Port</strong> <strong>of</strong> <strong>Oakland</strong>, <strong>Port</strong>s America <strong>Oakland</strong> plans to invest<br />

signifi cant additional capital to improve the competitiveness<br />

<strong>of</strong> the port for the benefi t <strong>of</strong> its many served communities<br />

and customers. These investments are expected to aggregate<br />

to over $500 million, resulting in the creation <strong>of</strong> up to<br />

12,000 direct and 240,000 indirect jobs.<br />

<strong>CBRE</strong> logo is a service mark <strong>of</strong> <strong>CBRE</strong>, Inc. and/or its affi liated or related companies in the United States and other countries. All other marks displayed on this document are the property <strong>of</strong> their respective owners.


The <strong>Port</strong> Logistics Group is a specialty service line within <strong>CBRE</strong>’s Global Supply Chain Practice. <strong>Port</strong> Logistics Group pr<strong>of</strong>essionals<br />

have the knowledge, experience, and network to implement distribution network analysis, incentives negotiation, labor analytics,<br />

property dispositions and acquisitions, sale/leaseback, build to suits, fi nancing, and project management services to support<br />

any company’s supply chain and business strategies. Leveraging the power <strong>of</strong> <strong>CBRE</strong>, the world’s largest industrial brokerage<br />

platform, <strong>Port</strong> Logistics Group pr<strong>of</strong>essionals are ready to advise your company today, whether it’s a single location renewal<br />

versus relocation study, or a complete redesign <strong>of</strong> a global distribution center network. For more information, please contact<br />

your <strong>Port</strong>s <strong>of</strong> <strong>Oakland</strong> Logistics Group members, or a <strong>Port</strong> Logistics Group pr<strong>of</strong>essional near you by visiting our website:<br />

SOON TO BE ADDED:<br />

HAWAII | NORTH CHINA | SOUTH CHINA | SINGAPORE | VIETNAM<br />

PORT LOGISTICS GROUP<br />

ABOUT THE PLG<br />

www.cbre.com/portlogistics<br />

© 2012 <strong>CBRE</strong>, Inc. This information has been obtained from sources believed reliable. We have not verifi ed it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or<br />

estimates used are for example only and do not represent the current or future performance <strong>of</strong> the property. You and your advisors should conduct a careful, independent investigation <strong>of</strong> the property to determine to<br />

your satisfaction the suitability <strong>of</strong> the property for your needs.


PORT RELATED PROPERTIES<br />

LAZ Parking<br />

• ±18.63 Acres on Pardee Dr<br />

Adjacent to <strong>Oakland</strong> Airport for<br />

Sale<br />

• <strong>Oakland</strong>, California<br />

Danti Court<br />

• ±112,800 SF Warehouse for<br />

Sublease<br />

• Hayward, California<br />

ConAgra<br />

• ±86,647 SF Kennedy St<br />

Sublease<br />

• <strong>Oakland</strong>, California<br />

Prologis Park Tracy<br />

• ±532,500 SF Class A<br />

Distribution Warehouse for<br />

Lease<br />

• Tracy, California<br />

RECENT TRANSACTIONS<br />

105,000 SF<br />

600,000 SF<br />

FOR MORE<br />

INFORMATION<br />

PLEASE<br />

CONTACT<br />

Door To Door Storage /<br />

Principal Financial Group<br />

Solyndra /<br />

McMorgan Company<br />

DOUGLAS NORTON<br />

Senior Vice President<br />

Global Supply Chain Practice<br />

<strong>Port</strong> Logistics Group<br />

Lic. 00851808<br />

<strong>Oakland</strong>, California<br />

doug.norton@cbre.com<br />

510.874.1930<br />

PORT RELATED<br />

AVAILABLE PROPERTIES<br />

RECENT TRANSACTIONS<br />

820,000 SF<br />

866,000 SF<br />

Keystone Business Park<br />

• ±529,000 SF Class A<br />

Distribution Warehouse for<br />

Lease<br />

• Patterson, California<br />

Patterson Land<br />

• ±130 Acres for Sale<br />

• Patterson, California<br />

Kato Business Park<br />

• ±269,835 SF Class A<br />

Distribution Warehouse for<br />

Lease<br />

• Fremont, California<br />

Chamberlin & Associates<br />

• ±13 Acres for Sale<br />

• Livermore, California<br />

W.R. Grainger /<br />

McShane Development<br />

Restoration Hardware /<br />

TIAA CREF

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