Industrial real estate giant Prologis has proposed buying the former Oakland Raiders headquarters in Alameda for $24 million, keeping the Oakland Roots and Soul soccer teams as long-term tenants but also considering future industrial use for the site. The San Francisco Business Timesreported that Prologis made the offer to the city of Oakland and Alameda County, which became joint owners of the two-building site after the Raiders moved to Las Vegas.
The Oakland City Council will vote on whether or not to negotiate and execute a purchase and sale agreement with Prologis and Oakland Pro Soccer at an upcoming council meeting. The Roots, an affiliate of Oakland Pro Soccer LLC, has leased the space as a training facility since 2021.
The Business Times previously reported that two other companies, including the Roots and Soul, were in property negotiations with the Alameda County Board of Supervisors for the site, but Oakland staff said in a report that the offer from Prologis was “the most attractive of multiple purchase offers received by the city and county.”
Photo courtesy of City of Oakland.
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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).