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May 24, 2018
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Trammell Crow Company Named Master Developer for 30-Acre, Spec Biz Park in the Bay Area


Trammell Crow Company (TCC) has been appointed by long-time partner Principal Real Estate Investors to serve as the master developer of San Leandro Business Center, a new speculative Class A industrial project that sits on a 30.6-acre site located in the I-880 corridor. The project will include three Class A industrial buildings totaling 553.2k sf of high-tech manufacturing, assembly and distribution space. Construction is expected to begin Q2 2017 and complete in Q3 2018.

The site—one of the largest development sites in the area—is currently home to the 1950s-built, 328k sf, former Kraft Foods plant. Closed late last year, the facility made Tang, Kool-Aid, and a number of coffee and tea brands, such as Maxwell House, Gevalia, and Yuban.

“Very few projects of scale in this supply-constrained submarket are even possible,” said Parker Larson, Senior Associate with TCC’s Northern California Business Unit. “We have created a vision for the site that we believe meets demand.”

The CBRE Oakland team of Michael Barry and Robert Ferraro represented the seller in the transaction. Additionally, the team will serve as the leasing agents for the project.

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