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2/14/18
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In recent industrial activity from the Bay Area, Torani Inc signed a 15-year, $65 mil lease for 327k sf of space in San Leandro. The firm is relocating its corporate headquarters and manufacturing facilities from South San Francisco.
Torani’s new space is within Marina Gateway Industrial Center, a new business park project being developed by Overton Moore Properties in a joint venture with LaSalle Investment Management. The project is scheduled for completion in August 2018.
The project will feature 32’ clear height, ESFR fire life system, and gated 185’ truck court, capacity for 60 trailer parking and enormous utility infrastructure that will appeal to manufacturing and distribution occupiers. The site has onsite Water Well capable of 700 gallons per minute and sewer capacity including up to $4 mil of connection credits. Additionally, the building can accommodate solar roof panels on the entire roof structure. The property has connectivity advantages with San Leandro Fiber Optic Loop.
HPA is the architect for the project and KPRS is the General Contractor. Wells Fargo N.A. provided the construction financing.
“Our vision for the project was to find an advanced manufacturer or food manufacturing company that could take advantage of our pre-designed building features, excellent freeway access, close to a terrific labor pool and being in the business friendly City of San Leandro. We are delighted to have Torani as a long term customer, “commented Timur Tecimer, CEO of OMP.
Torani will manufacture their products at the new San Leandro location and plan to have a café, tasting area, and tours open to the public. Torani is an impressive family owned business that has been in operation for 90 years. They have more than 100 naturally flavored syrups, sauces and beverages bases created to add to coffees, sodas, teas, smoothies, cocktails and more. Torani’s products are available worldwide.
They currently have 140 employees and anticipate that will increase to 250 employees in 2030. Torani’s focus on manufacturing a quality product sustainably fits in well in the San Leandro. Torani joins a list of companies that have located in San Leandro where there is a strong history of food manufacturing.
Kevin Hatcher, Senior Vice President from CBRE’s Oakland office represented OMP and David Black, Senior Vice President and Bob Ferraro, Senior Vice President of CBRE represented Torani.
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