According to Oakland officials, the airport area has drawn a lot of interest from potential developers and tenants in the past few years, as Oakland has become a more attractive area for businesses.
The Hegenberger Road property consists of one empty 4,000-sf metal building and a 1,000-sf block building. The buyer plans to develop the land as an office/flex center, including four buildings totaling 197,500-sf. The project may break ground as soon as next month and will take about a year to complete.
Mel Harrison of BT Commercial Real Estate represented PCCP Lincoln Hegenberger LLC, while the city represented itself.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
