Overton Moore Properties (OMP) has closed on 41 acres in Livermore for an industrial project. The property was acquired from Pleasanton Gravel Company for an undisclosed sum. 

OMP Oaks Business Park is a 760,250-square foot, two-building advanced manufacturing/distribution project that is 60% pre-leased to Lam Research and will commence construction this month. OMP’s joint venture partner for this project is Invesco Real Estate.

Colliers’ Michael Lloyd, John Steinbuch and Greig Lagomarsino handled the sale and will be the leasing brokers for the project. “After working on the entitlements and approvals in excess of five years, we’re very excited to finally acquire the site, keep a great company within the City of Livermore and expand our presence in Northern California,” said Timur Tecimer, Managing Partner of OMP.

Chris Shaffer of Newmark represented Lam Research on the lease. The remaining building, representing 288,750 square feet, will be available in the third quarter of 2025.