{"id":1004178346,"date":"2017-05-25T04:47:08","date_gmt":"2017-05-25T12:47:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004178346"},"modified":"2022-12-08T19:40:31","modified_gmt":"2022-12-09T03:40:31","slug":"cbre-secures-119-ksf-oakland-industrial-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-secures-119-ksf-oakland-industrial-lease\/","title":{"rendered":"CBRE Secures 119 KSF Oakland Industrial Lease"},"content":{"rendered":"

By Ariela Moraru<\/em><\/p>\n

\"955<\/a>

955 Kennedy St., Oakland, Calif<\/p><\/div>\n

CBRE has facilitated\u00a0a 99-month, 119,000-square-foot warehouse lease for a large electrical distributor\u00a0in Oakland, Calif.\u00a0<\/p>\n

Chris van Keulen, vice\u00a0president in CBRE\u2019s Oakland office, and Amy Chadick, senior\u00a0transaction\u00a0manager with CBRE Dallas\u2019 Global Workplace Solutions group, represented the undisclosed tenant. The landlord,\u00a0Hager Pacific Properties, was represented by senior vice presidents Michael Barry and Bob Ferraro from the firm\u2019s Oakland office<\/a>.<\/p>\n

\u201cThe tenant will benefit from the building\u2019s highly visible freeway exposure, dock loading and yard area,\u201d<\/em> said Barry in prepared remarks.<\/p>\n

Located at 955 Kennedy St. on 4.6 acres, the property has about 425 feet of frontage along Interstate 880, features abundant parking and is only a 15-minute drive from San Francisco. Initially, the asset was marketed for retail use, as well, due to the area’s\u00a0daily traffic count of 226,000 cars.<\/p>\n

Hager Pacific Properties purchased the property in 2016 with a plan to complete a $2 million renovation overseen by Industrial Redevelopment. The acquisition was part of a $35 million deal involving four assets in California and Wisconsin. The company\u2019s current portfolio is valued at nearly $2 billion. Hager Pacific owns and manages more than 100 properties nation-wide, including 2,300 apartment units and 12 million square feet of industrial and commercial property.<\/p>\n

Image courtesy of CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The tenant, a large electrical distributor, will benefit from the building\u2019s 425 feet of frontage along Interstate 880.<\/p>\n","protected":false},"author":960,"featured_media":1004505921,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21748,21742,1609,15],"tags":[32789,35802,35803],"class_list":["post-1004178346","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-industrial","category-latest","category-san-francisco","category-west","tag-cbre","tag-hager-pacific-properties","tag-industrial-redevelopment"],"acf":[],"yoast_head":"\nCBRE Secures 119 KSF Oakland Industrial Lease - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-119-ksf-oakland-industrial-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Secures 119 KSF Oakland Industrial Lease\" \/>\n<meta property=\"og:description\" content=\"The tenant, a large electrical distributor, will benefit from the building\u2019s 425 feet of frontage along Interstate 880.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-119-ksf-oakland-industrial-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-25T12:47:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:40:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/955-Kennedy-St.-Oakland-Calif.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"815\" \/>\n\t<meta property=\"og:image:height\" content=\"980\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ariela Moraru\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-119-ksf-oakland-industrial-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-secures-119-ksf-oakland-industrial-lease\/\",\"name\":\"CBRE Secures 119 KSF Oakland Industrial Lease - 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