By Kathy Chouteau
Richmond’s waterfront Ford Point building is now 95 percent occupied with the recommitment of its existing tenant, sporting goods store Mountain Hardwear, according to the San Francisco Business Times.
Mountain Hardwear, a Ford Point tenant for 16 years, renewed its contract for 84,000 square feet at the building over seven years and with a five-year renewal option, per the publication.
In 2022, the 500,000-square-foot facility at 1414 Harbour Way S. attained 100 percent occupancy when Moxion Power Co. signed a 130,000-square-foot lease there. Ford Point is also currently home to California Closets, Monvera Glass and SunPower, according to the Business Times.
The building bears historical significance to the Richmond community and beyond as a onetime Ford Motor Company Assembly Building built in 1930, according to Ford Point. It was transformed for mixed-use in 2004, including to accommodate businesses, with Orton Development purchasing the site from the Richmond Redevelopment Agency and subsequently investing over $50 million into renovations. In 2022, Madison Capital purchased the building for $103.7 million.
John Clote, senior vice president at Madison Capital, told the Business Times that a significant capital plan is underway and that the company aims to position Ford Point as a premier innovation asset.