JLL Tapped to Market Mare Island’s 2M SF Maritime Campus in Vallejo
JLL Tapped to Market Mare Island’s 2M SF Maritime Campus in Vallejo
Jones Lang LaSalle Incorporated has been retained to market a major industrial opportunity in the San Francisco Bay Area. The firm is listing a 2 million square foot maritime campus located at Mare Island in Vallejo. The property is currently owned by The Nimitz Group and sits on the site of a historic former shipbuilding facility.
The listing highlights the site’s substantial infrastructure advantages, specifically a robust power capacity of 30 megawatts. This level of available power is increasingly critical for modern industrial users, including data centers and advanced manufacturing operations. The campus also features deep-water maritime assets, positioning it as a unique offering in the Northern California commercial real estate market.
Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company globally. The firm engages in buying, building, occupying, managing, and investing in various property types, including office, industrial, and retail assets. As of the latest market data, JLL’s stock is trading at approximately $387.33. The company holds a market capitalization of roughly $17.19 billion and operates within the Real Estate Services sector.
The marketing of the Mare Island campus comes as industrial users continue to seek locations with significant power loads and strategic logistics capabilities. The Nimitz Group’s decision to list the property suggests an effort to capitalize on the demand for specialized industrial space in the region.
What to watch
- Future leasing announcements or buyer identification for the Mare Island campus.
- JLL’s quarterly earnings reports for insights into their industrial brokerage performance.
Source: original release