Port Staff Relocation May Be ‘Game Changer’ For Downtown Office Market

Harbor Department Negotiates New Headquarters, Buys World Trade Center Parking Lot

by Sean Belk, Staff Writer

Negotiations are ongoing for the Port of Long Beach to relocate its near 400-member staff from its current location at the port to a new headquarters possibly somewhere in Downtown Long Beach. The move could be a “game changer” for the downtown office market, said real estate agents.

After a plan to build a new $295 million energy efficient, “green,” nine-story complex on a 17-acre site near the current headquarters was scrapped by Mayor Bob Foster last year, vetoing the line item from the budget, port executive staff floated several different proposals.

In closed session during the July 11 harbor commission meeting, Port Executive Director Dick Steinke discussed with commissioners and other negotiating parties the potential lease or purchase of space at One World Trade Center or Golden Shore property, or the possibility of space at the Union Bank Building or the City National Bank Building.

According to a staff report, the port has already approved the purchase of the 5.6-acre One World Trade Center parking lot, which has 659 parking spaces behind the building at the southeast corner of Golden Avenue and West Broadway. The $8 million sale and $200,000 deposit was negotiated by Cassidy Turley BRE Commercial.

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