The land is located at the corner of West Jack London Boulevard and the new state highway, SR-84, adjacent to Livermore Municipal Airport and is within a half mile of the junction of Airway Avenue and Interstate 580, the main east/west highway in the East Bay region. Colliers International has been given the exclusive marketing assignment, Ware Malcomb will be the project architect and Kier & Wright is the civil engineer. Tenant amenities will include a 2.6-acre park that will connect to a regional trails system.

Gale Co. managing partner John Dobrott tells GlobeSt.com that Oaks Business Park will take between five and seven years to build out once the infrastructure is complete in mid-2005. The property is broken up into 36 individual land parcels and entitled for light industrial, R&D, office space and ancillary commercial uses. About 26 acres have been tied up by government entities that will pay between $10 and $15 per sf for the land once the streets and utilities are installed.

Gale Co. has a global portfolio of more than 55 million sf and maintains joint venture investment relationships with Morgan Stanley, JPMorgan, UBS, Praedium and Pacific Coast Capital Partners. Dobrott says the company opened its first West Coast office in 1997 with the long-term goal of being heavily invested in San Diego, Orange County, Los Angeles and the Bay Area.