January 17, 2018
Los Angeles-based Overton Moore Properties (OMP) signed a 15-year lease valued at $65 million with Torani, Inc. in San Leandro, CA’s Marina Gateway Industrial Center. The 90-year-old food manufacturer plans to relocate its corporate headquarters and manufacturing facilities from South San Francisco into 327,000 square feet under development at the property.
OMP is developing the project at 2000 Marina Blvd. in a joint venture with LaSalle Investment Management, and plans to complete construction by August 2018.
Torani is a family-owned manufacturer of naturally flavored syrups, sauces and beverage bases created to add to coffees, sodas, teas, smoothies or cocktails. The new facility will have a café, tasting area, and tours open to the public. The company expects to grow its current employee count from 140 to 250 employees in 2030.
CBRE’s David Black and Bob Ferraro represented the tenant. CBRE’s Kevin Hatcher represented the landlord.
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