Sagard Real Estate (SRE), a U.S.-based real estate investment adviser and subsidiary of Sagard, a global multistrategy alternative asset management firm, has acquired 6691 Clark Ave., a fully leased industrial outdoor storage (IOS) property in Newark, Calif., within the infill East Bay submarket. The acquisition marks the second Bay Area IOS investment and further expands the IOS joint venture between SRE and global investment group La Caisse (formerly CDPQ) to invest in key U.S. seaport markets where strong tenant demand is driven by proximity to major ports, population centers and trade infrastructure.
The property is approximately 1.7 miles from Interstate 880, 3.6 miles from State Route 84 and the Dumbarton Bridge, and 20 to 25 miles from Oakland International Airport and the Port of Oakland, providing efficient access to major transportation and industrial nodes in the greater region.
The fully secured, paved and lit 2.84-acre site includes an approximately 22,100
