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Prologis Picks Up East Bay Site for $36M
Prologis, Inc. acquired a 13.71-acre redevelopment site for $36.1 million with plans to develop a logistics project at 880 Doolittle in the East Bay community of San Leandro, CA. The seller was a joint venture between Parking Acquisition Ventures, LLC and an affiliate of Oz Real Estate.
Prologis has long-term plans to develop the site, now being used for off-airport parking at Oakland International Airport, into a state-of-the-art distribution center with a focus on e-commerce. 880 Doolittle is positioned inside San Leandro’s Industrial General district, just off Interstate 880 and 1.4 miles from the airport.
HFF’s Scott Pertel, Andrew Briner and Alec Haley marketed the property on behalf of the seller. The HFF team structured a sale-leaseback, which will allow the parking lot operator to maintain the ability to service airport’s parking needs for years to come.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Development
- ◦Sale/Acquisition


