Evergreen will use the warehouse space, located at 7240Edgewater Drive, as a regional office to perform administrativetasks to support the distribution of bulk mail and related servicesfor the United States Postal Service.
Evergreen's five-year lease rate is valued at $6.36 SF,annually, triple net. Greg Lagomarsino and Todd Severson ofColliers International negotiated the deal on behalf of both AMBand Evergreen Aviation.
"The Oakland industrial market continues to sustain itself inthe current economy," says Lagomarsino. "Edgewater proves thatAMB's strategy of owning real estate near major airports issuccessful in attracting long-term, quality tenants."
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