Oakland, CA

CBRE Brokers Pre-Lease of New Warehouse in San Leandro to Torani

The property is expected to deliver in late 2024

November 2, 2023

Rendering of proposed warehouse with Torani logo

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CBRE arranged the pre-lease of a new Prologis warehouse development in San Leandro, Calif. to Torani, a trusted leader in the flavor industry since 1925. Torani will relocate their warehouse and distribution operations from their headquarters at 2000 Marina Boulevard in San Leandro to the new facility, which will allow Torani to expand their production lines at the Marina Blvd facility.

CBRE’s Bob Ferraro and David Black represented the tenant, Torani. John McManus of Cushman & Wakefield represented Prologis.

“It has been a pleasure working with Torani for the last 15 years, relocating them from San Francisco to South San Francisco to their current headquarters in San Leandro. This facility’s proximity to key transportation hubs is well-positioned to support business growth, especially as new product of this size is rare in the Oakland industrial market. The East Bay’s industrial market has been notoriously tight for its aging supply and power constraints, but we continue to see more tenants looking to make the flight-to-quality,” said Mr. Ferraro, Executive Vice President at CBRE.

Located at 1919 Williams St in San Leandro, Calif. the 202,000 sq. ft. warehouse is being built by Prologis and expected to deliver in late 2024. The property will have numerous docks, trailer parking and high clear heights, which are desired amenities for the modern warehouse and manufacturing user.

More than one million sq. ft. of industrial product was under construction in the Oakland market in the third quarter this year, with more than 800,000 sq. ft. in new deliveries, according to CBRE Research.

“As a 99-year-old manufacturing company, we are deeply committed to staying in the Bay Area. When we moved into our brand new 330,000 sq. ft. San Leandro Flavor Factory in 2020, we couldn’t have imagined that just a few years later we’d already be looking to expand in the neighborhood,” says Scott Triou, Torani CFO. “Finding this property and these partners has been kismet and we are thrilled about all of the new flavors, new jobs, and new opportunities it will let us create here in San Leandro.”

Torani, a certified B-Corp, is a family-owned company established in San Francisco’s North Beach neighborhood known for its syrups and sauces that are enjoyed in cafes, restaurants and home kitchens around the world. Torani also popularized the Italian soda in the U.S. and created the world’s first flavored latte.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.