Dutra Group has expanded its operations at the Port of Richmond by leasing Basin 1 at the Point Potrero Marine Terminal. This move supplements their existing lease of Basin 2, along with adjacent storage, a machine shop, and office space, the port said in a statement released on Feb. 21. The lease agreement, approved on Feb. 27, 2024, is valued at $150,000 annually and is set to terminate on May 31, 2027, with two optional five-year extensions potentially extending it through Jan. 31, 2037.
The Port of Richmond anticipates that leasing Basin 1 to Dutra will enhance the company's capacity to serve the Northern California region, leveraging the terminal's deep-water access and strategic location. The port expects this expansion to generate new jobs and bolster the port's economic impact.
