SOURCE: Goodman Birtcherd

March 05, 2015 08:00 ET

Goodman Birtcher Achieves Long-Term Leasing Success at Its Oakland Development

IRVINE, CA--(Marketwired - Mar 5, 2015) - Goodman Group (Goodman or Group), Australia's largest listed industrial property group, with a global network spanning 32 cities and $24 billion (A$29.4 billion) of assets under management, today announces that its wholly owned North American subsidiary, Goodman Birtcher has fully leased its recently constructed 374,725 square foot Goodman Logistics Center Oakland.

Goodman Birtcher has signed a new lease with Coaster Company of America (Coaster), an importer and distributor of fine furniture, for the remaining 232,881 square feet of space at the Class A industrial warehouse, with an initial 10 year lease term. Coaster will relocate to this regional facility from Newark, CA, moving operations closer to their customer base and use the new space as its primary distribution center for the San Francisco Bay area.

A second lease commenced in 2014 with Benjamin Moore & Co. for 141,844 square feet at Goodman Logistics Center Oakland. The leading manufacturer of premium quality residential, commercial and industrial maintenance coatings has leased the space as part of a strategic expansion of its operations into the Bay area.

Brandon Birtcher, CEO of Goodman Birtcher North America, said: "We are delighted to welcome Coaster and Benjamin Moore & Co. to our LEED certified Goodman Logistics Center Oakland. This Class A facility typifies our approach to providing flexible, high quality, modern industrial space in strategic locations, capable of meeting our customers' unique operational requirements."

"Goodman Logistics Center Oakland was ideal due to the state-of-the-art features, central location and access to eight major freeways. With all of these characteristics we feel we will be able to better serve the needs of our customers," said Matthew Chen, Vice President/Administration of Coaster Company of America.

Goodman Logistics Center Oakland is situated within the Oakland Airport Business Park, a business-friendly enterprise and eco-conscious industrial zone just east of the San Francisco central business district. The facility is the largest freestanding industrial warehouse built in the Greater Oakland area in the past two decades. It is also the first completed project of Goodman Birtcher's $1.4 billion development pipeline, providing 15 million square feet of Class A logistics space in core US markets including California, Pennsylvania and New Jersey.

Goodman Birtcher is progressing with the rollout of its development pipeline and currently has three flexibly designed, large format logistics and warehouse developments underway in the Inland Empire market of Southern California. On completion, these developments in Rancho Cucamonga, Fontana and Eastvale will provide a combined 4,272,819 square feet of prime space, suitable for a range of customer groups.

About Goodman
Goodman Birtcher is a wholly owned subsidiary of Goodman Group. The North American Headquarters are located in Irvine, California with a regional office in Allentown, Pennsylvania. Goodman Birtcher was formed in June 2012 between Goodman Group and Birtcher Development and Investments.

Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited and Goodman Industrial Trust, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist fund managers of industrial property and business space globally.

Goodman's global property expertise, integrated own+develop+manage customer service offering and significant fund management platform ensures it creates innovative property solutions that meet the individual requirements of its customers, while seeking to deliver long-term returns for investors.

About Benjamin Moore & Co.
Benjamin Moore & Co., a Berkshire Hathaway company, was founded in 1883. One of North America's leading manufacturers of premium quality residential, commercial and industrial maintenance coatings, Benjamin Moore maintains a relentless commitment to sustainable manufacturing practices and continues to develop the most eco-responsible formulations possible. In 2012, the company's Natura® paint received the Green Good Housekeeping Seal, acknowledging its high degree of sustainability plus rigorously tested performance. Other superior products in the Benjamin Moore Green Promise® portfolio include Aura®, Regal® Select, ben® and Ultra Spec® 500 paint for commercial interiors -- all built upon our patented Gennex® platform that has changed the industry and earned the passion and loyalty of homeowners and professional painters by delivering extremely low-VOC and peerless beauty and performance. J.D. Power and Associates 2014 Interior Paint Satisfaction Study ranked Benjamin Moore highest in consumer satisfaction, marking the fourth consecutive year and fifth time the company has earned this rating. Benjamin Moore paints deliver authentic Benjamin Moore colors and are available exclusively from Benjamin Moore's more than 5,000 paint and decorating dealers.

About Coaster Company of America
Coaster Company of America is an importer and distributor of fine furniture in the United States, Canada and Mexico since 1972 primarily importing from China, Malaysia and Taiwan. Coaster sells a diverse selection of quality, stylish, and valuable casual and formal dining furniture, entertainment centers, home theatre chairs, sofas, futons, bedroom sets, bunk beds, daybeds, occasional/accent tables, curios, rugs for residential customers. Coaster has distribution centers in San Francisco, Los Angeles, Fontana, City of Industry, in California; Chicago, Illinois; Dallas, Texas; Dayton, New Jersey; Atlanta, Georgia; and Miami, Florida.

Contact Information

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