Port of Oakland MarketSpotlight - CBRE
Port of Oakland MarketSpotlight - CBRE
Port of Oakland MarketSpotlight - CBRE
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
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