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For Immediate Release
April 19, 2002
OAKLAND, Calif - The Oakland Board of Port Commissioners
approved the sale of two parcels of land within the Oakland Airport
Business Park this week. The approval came Tuesday, April 16, 2002.
This decision culminates the sale of properties as part of the Port's
Restructure and Development Plan adopted in March of 1999.
Port of Oakland Director of Commercial Real Estate Omar Benjamin stated, "The sale of these two properties will enhance the Oakland Airport Business Park area by bringing new business and jobs to those sites. The proceeds also give the Port a greater opportunity to focus on waterfront development as envisioned in the Estuary plan."
The 14-acre parcel at Hegenberger and Pardee Roads was sold to Lincoln Property Company for $5.57 million. The 2 plus acre parcel at Edgewater Drive and Pardee Road was sold to Bay Area Veterinary Specialists (BAVS) for $1.5 million.
Lincoln Property Company plans to develop a series of buildings on the site in a business park setting. This sale was the winning proposal through a competitive bid process, sent out in February 2002. John Herr, the Executive Vice President and Regional Partner for Lincoln Property Company said, "My company is very excited by the opportunity to develop a first class business park in Oakland, especially in this rapidly growing area."
The owners of BAVS, Doug Rohn and Elizabeth Zenger currently operate a diagnostic and therapeutic facility for animals at a leased facility in San Leandro. They plan to relocate their business to this new location that they will own. Drs. Rohn and Zenger stated, "We look forward to moving to Oakland where we will be able to build a state-of-the-art referral center. Due to this new central location, our clients will have easy access to our office and our team of medical experts for seriously ill pet-patients."
The Port of Oakland, established in 1927, is an independent department of the City of Oakland employing some 600 people. The Port extends approximately 19 miles along the east side of the Oakland Estuary from the border of the City of Emeryville immediately north of the San Francisco-Oakland Bay Bridge, to the south to the border of the City of San Leandro. Supporting some 44,000 jobs and generating nearly $7 billion in annual economic impact, the Port of Oakland is a tremendous economic engine for Northern California. The Port of Oakland's three revenue-generating divisions are Maritime, Aviation and Commercial Real Estate. The Port oversees Oakland International Airport, Oakland's seaport - home of the giant container cranes, and more than 1,000 acres of real estate including Jack London Square, Oakland's premiere entertainment spot along the waterfront.
Contact: Port of Oakland
Marilyn Sandifur
Media/Public Relations Manager
(510) 627-1193
msandifu@portoakland.com |
