Moxion Energy, producer of cell power storage methods, has signed a 130,000-square-foot lease with homeowners Madison Capital and Meadow Companions. The Richmond-based agency will transfer to the historic Ford Level constructing, a 517,000-square-foot R&D industrial facility in Richmond, Calif.
Madison Capital and Meadow Companions have acquired the property in June for $103.7 million, from Orton Growth. The power was additionally topic to a $106.3 million mortgage, originated by Blackstone, CommercialEdge information reveals.
Designed by Albert Kahn, the 22.9-acre property was initially constructed in 1930 because the Ford Motor Co. Meeting constructing. Since 2005, the property underwent renovations, turning right into a mixed-use facility. Ford Level options particular person tenant entrances, 16-18-foot clear heights, loading docks, 17 charging stations, 14 dock excessive doorways, eight grade stage doorways and a one mega-watt rooftop photo voltaic system. Facilities embrace a health middle, on-site cafeteria and convention middle.
With the Moxion Energy lease, Ford Level is now at full occupancy. Different tenants embrace SunPower, Mountain Hardwear, California Closets, Ekso Bionics and Rosie The Riveter Belief, amongst others.
Ford Level is situated at 1414 Harbour Means S., 13 miles from Oakland, Calif., and 19 miles from San Francisco. The power is subsequent to Richmond Ferry Terminal. Different industrial tenants within the surrounding space embrace Kinder Morgan and Auto Warehousing.
Ted Anderson, Andrew Schmieder and Ryan Hattersley of Cushman & Wakefield represented the owner within the transaction. Mike Pattern, Greg Matter and Patrick Metzger of JLL Capital Markets assisted Moxion.
