100 Oceangate, LLC – Purchase and Sale Agreement

The Port of Long Beach has entered into a $36,000,000 Purchase and Sale Agreement with 100 Oceangate, LLC to acquire a fully developed property located at 100 Oceangate in Long Beach, California. The property encompasses approximately 3.26 acres and includes a 13-story office building totaling 226,748 rentable square feet and a five-level parking structure with 611 parking spaces. This transaction is a direct real estate acquisition with no construction, renovation, or operational changes anticipated; the sole objective is the transfer of ownership from the private entity to the Port. The acquisition is administratively streamlined under California Environmental Quality Act (CEQA) exemptions, specifically Class 1 for the operation of existing facilities and the Common Sense Exemption, which affirm that the transaction involves no significant environmental impact. The Port of Long Beach is the lead agency, with Jennifer Williams identified as Environmental Specialist and Eamonn Killeen as Director of Real Estate serving as primary points of contact. No federal acquisition regulation clauses, standardized contract line items, payment office details, inspection criteria, or socioeconomic certifications are applicable or included, as this is not a federal procurement but a state-level real estate transaction governed by local and environmental protocols. The contract value is fixed at $36 million with no option periods, modifications, or performance-based funding, and the closing and acceptance are expected to occur at the property’s location, with no further deliverables beyond the transfer of title.