The Marina Corporate Center, a 52,000-sf complex with light industrial, flex, R&D and office space, was built by CCKX Leasing on an infill site which had housed a manufacturing operation since the early 1930s.
Alpha Granite & Marble, which leased 2,000-sf, will use the space as administrative offices. CCKX Leasing will use 4,250-sf for headquarters for the engineering and sales staffs. These two deals are valued at a combined $1.2 million.
The one-acre, $725,000 purchase paves the way for the San Leandro center's expansion plans to build an additional two-story building.
"We're very pleased to have leased this entire building prior to its completion," says Dan Bergen, a broker at Colliers, which represented CCRX Leasing in the leases and purchases. "It signifies the need in the East Bay for this type of flex-designed product.
"The land sale allows Marina Corporate Center to provide expansion space for the four growing companies currently at the center," he adds. "Over the past three years, this has been the only R&D/flex spec project in the area that has proved to be successful."
Bergen represented both sides in the lease transactions and represented CCKX Leasing in the land purchase. Terry Moison of Moison Investments represented Peoples Federal Credit Union in the land sale.
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