Historic Bay Area Industrial Property Lands 130 KSF Tenant
Moxion Power brings Ford’s former facility in Richmond, Calif., to full occupancy.
Ford Point. Image courtesy of Cushman & Wakefield.
Moxion Power, manufacturer of mobile energy storage systems, has signed a 130,000-square-foot lease with owners Madison Capital and Meadow Partners. The Richmond-based firm will move to the historical Ford Point building, a 517,000-square-foot R&D industrial facility in Richmond, Calif.
Madison Capital and Meadow Partners have acquired the property in June for $103.7 million, from Orton Development. The facility was also subject to a $106.3 million loan, originated by Blackstone, CommercialEdge data shows.
Designed by Albert Kahn, the 22.9-acre property was originally constructed in 1930 as the Ford Motor Co. Assembly building. Since 2005, the property underwent renovations, turning into a mixed-use facility. Ford Point features individual tenant entrances, 16-18-foot clear heights, loading docks, 17 charging stations, 14 dock high doors, eight grade level doors and a one mega-watt rooftop solar system. Amenities include a fitness center, on-site cafeteria and conference center.
With the Moxion Power lease, Ford Point is now at full occupancy. Other tenants include SunPower, Mountain Hardwear, California Closets, Ekso Bionics and Rosie The Riveter Trust, among others.
Ford Point is located at 1414 Harbour Way S., 13 miles from Oakland, Calif., and 19 miles from San Francisco. The facility is next to Richmond Ferry Terminal. Other industrial tenants in the surrounding area include Kinder Morgan and Auto Warehousing.
Ted Anderson, Andrew Schmieder and Ryan Hattersley of Cushman & Wakefield represented the landlord in the transaction. Mike Sample, Greg Matter and Patrick Metzger of JLL Capital Markets assisted Moxion.
You must be logged in to post a comment.