The port and developer were given six months to reach an agreement on building a portion of the complex which would encompass 20 acres of port property.

It would include transload and cross-dock facilities where importers could speed up the transfer of containerized cargo from ships to trains. CenterPoint would build and lease the facilities to tenants involved in international logistics.

“We’re pleased to engage with one of the most respected names in industrial development,” said Maritime Director John Driscoll, the port’s lead negotiator.

“And we’re excited to realize our vision for the Seaport Logistics Complex.

The 20-acre facility will be built on land acquired by the port at a decommissioned army base. It will be adjacent to phase one of the Seaport Logistics Complex, a 13-track rail yard that’s nearing completion.

Port officials said they’re creating the largest logistics complex at any west coast U.S. port. It’s intended to make the Port of Oakland a magnet to attract additional containerized cargo volume.

In subsequent phases of development, the port plans to construct a regional distribution center and warehouses at the complex.

ViraHaber.com