CBRE Announces New 103,049 Sq. Ft. Lease for Enchant in Oakley, Calif.

CBRE secured a 103,049-sq.-ft. lease for Enchant, producers of the world’s largest holiday-themed illuminated event, at the Contra Costa Logistics Center in Oakley, Calif.

Greg Smyth, John Salamida and Jon Casella of CBRE represented the tenant, Canadian-based live event production company Enchant. Brooks Pedder, Tony Binswanger and John McManus of Cushman & Wakefield represent the Contra Costa Logistics Center.

Located at 4300 Wilbur Avenue in Oakley, the Contra Costa Logistics Center is a new Class A industrial facility under construction with scheduled occupancy in the fourth quarter of 2022. Enchant Christmas will occupy Building 3, which includes 36 ft. clear heights, 42 dock doors, trailer parking and drive-in doors.

“The Bay Area industrial market has one of the lowest vacancies in the country, so large new industrial deliveries like the Contra Costa Logistics Center are extremely rare. With limited land available in the region, Oakley has emerged as a vibrant industrial market for state-of-the-art Class A space. Its high-quality facilities and proximity to both the Bay Area and Sacramento created an advantageous opportunity for Enchant,” said Greg Smyth, first vice president at CBRE.

CBRE reported industrial vacancy in the Antioch/Oakley submarket was 4.9 percent in the second quarter of 2022, with 288,000 sq. ft. of planned construction in Northeast Contra Costa County.

“Enchant is experiencing a major business expansion as we roll-out our events across the U.S. in major cities, and this facility will allow us more expedient and year-round access to consolidate our growing inventory of production resources in the western region,” said Jerry Nadal, Chief Operating Officer for Enchant.