Overton Moore Properties (OMP) is preparing to begin construction on a 760K SF advanced manufacturing and distribution complex in Livermore that is expected to be completed by Q3 2025.
The Torrance-based developer has purchased 41 acres of land for $41M from Pleasanton Gravel Company in an all-cash deal. Overton Moore is partnering with Invesco Real Estate on the project, which will be called OMP Oaks Business Park.
Fremont-based Lam Research, a semiconductor equipment manager, is pre-leasing 60% of OMP Oaks Business Park, which will encompass two buildings. One of the buildings will be 471K SF and the other will be 289K SF.
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