Former Kraft Foods Plant Transformed Into State-of-the-Art Industrial Park
Trammell Crow Company and Principal Real Estate Investors announce that construction has commenced on San Leandro Business Center, a new speculative industrial project that sits on a 30.6-acre site located along the I-880 corridor. The project will include three Class A industrial buildings totaling approximately 552,000 square feet of high-tech manufacturing, assembly and distribution space. TCC serves as the master developer of the project, which is scheduled to complete in Fall 2018.
“We have designed this rare, interior Bay Area project with the flexibility to accommodate single tenant or multi-tenant users and a wide variety of industrial applications,” said Parker Larson
, Senior Associate with TCC’s Northern California office
. “We are thrilled to once again be partnering with Principal on this dynamic project.”
Building 1 is 121,643 square feet, Building 2 is 137,091 square feet, and Building 3, the largest of the three, is 293,940 square feet. Combined, the buildings will feature 32’ and 36’ clear heights, ESFR sprinkler systems, rear dock loading, and generous car and trailer parking areas.
The CBRE Oakland team of Michael Barry and Robert Ferraro serve as the leasing agents for the project. Lusardi Construction is serving as the general contractor and the project architect is HPA.
“We are very happy to be working with Trammell Crow Company, CBRE, Lusardi, and HPA on this project,” said Jeff Uittenbogaard, Investment Director with Principal Real Estate Investors. “The team has designed a very functional project in a tremendous East Bay location. We are excited to be starting construction in this very dynamic market.”
About Principal Real Estate Investors
Principal Real Estate Investors manages or sub-advises $74.7 billion in commercial real estate assets*. The firm’s real estate capabilities include both public and private equity and debt investment alternatives. Principal Real Estate Investors is the dedicated real estate group of Principal Global Investors, a diversified asset management organization and a member of the Principal Financial Group®.
*As of 30 June 2017
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of June 30, 2017, TCC had $5.9 billion of projects in process and $5.9 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2016 revenue). For more information visit www.TrammellCrow.com.