The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
August 10, 2020
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Prologis Spends $36 Mil on East Bay Development Site


Prologis Inc paid $36.1 mil for a 13.71-acre redevelopment site in the East Bay community of San Leandro. The site, located at 880 Doolittle, will be used for a future logistics project.

Prologis has long-term plans to develop the site, now being used for off-airport parking at Oakland International Airport (OAB), into a state-of-the-art distribution center with a focus on e-commerce. The HFF team structured a sale-leaseback, which means the parking lot operator will maintain the ability to service OABís parking needs for years to come.

880 Doolittle is positioned inside San Leandroís Industrial General district, just off I-880 and 1.4 miles from OAB. The San Francisco East Bay logistics market remains one of the strongest in the country. With vacancies hovering around one percent and a scarcity of land available for development, the site represented a unique opportunity for Prologisí future development plans.

Scott Pertel, Andrew Briner and Alec Haley with HFF represented the property seller, a joint venture between Parking Acquisition Ventures LLC and an affiliate of Oz Real Estate.

Return to the Archive page



The Foto Finisher


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media