Principal Real Estate Investors appointed Trammell Crow as master developer of the San Leandro Business Center. The project includes three speculative Class-A industrial buildings totaling 553,200 SF of high-tech manufacturing, assembly and distribution space. Construction is expected to begin next quarter with delivery in Q3 2018.
The site is one of the largest in the area and sits on 30.6 acres near the I-880 corridor. It is home to a 328k SF former Kraft Foods plant, which closed last year.
“Very few projects of scale in this supply-constrained submarket are even possible,” said Parker Larson, Trammell Crow Northern California Business Unit senior associate. “We have created a vision for the site that we believe meets the demand.”
CBRE senior vice presidents Michael Barry and Robert Ferraro in Oakland will serve as leasing agents.
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