SAN LEANDRO, CA – May 15, 2026 – Sagard Real Estate (SRE), a leading U.S.-based real estate investment advisor and subsidiary of Sagard, a global multi-strategy alternative asset management firm, today announced the acquisition of 2851 Alvarado Street, a fully leased industrial outdoor storage (IOS) property located in San Leandro, California.
The investment was made through Sagard Real Estate’s recently launched joint venture with global investment group La Caisse, supporting the deployment of an IOS strategy across major U.S. infill markets. The San Leandro acquisition advances the partnership’s strategy by targeting key U.S. seaport markets where strong tenant demand is driven by proximity to major ports, population centers, and trade infrastructure.
Situated along the I-880 corridor in the East Bay, the property offers immediate access to Oakland International Airport and connectivity across the Oakland–San Francisco metro area. The Oakland–East Bay industrial market remains highly supply-constrained, driven by limited land, and strong port-related demand, with San Leandro benefiting from low vacancy and stable fundamentals.
“This acquisition reflects our continued focus on high-quality IOS assets in infill markets where supply constraints and strong tenant demand support long-term value creation,” said Tom Stover, Managing Director, Acquisitions at Sagard Real Estate. “With a well-located site and embedded mark-to-market opportunity, the property is well-positioned to benefit from the favorable fundamentals in the East Bay industrial market.”
The 2.02-acre IOS site, improved with a 14,905-square-foot warehouse, offers full site circulation, dual ingress/egress, and an efficient layout well-suited for fleet, distribution, and outdoor storage uses.
The acquisition of 2851 Alvarado Street further strengthens the joint venture’s presence in high-barrier-to-entry coastal markets.
About Sagard Real Estate
Sagard Real Estate is a real estate investment advisor and operator providing investment management services throughout the U.S., including portfolio management, acquisitions, asset management, development, and property management for investors. With US$6.0 billion in assets under management, Sagard Real Estate offers commercial real estate investment strategies through separate accounts and commingled funds. Founded in 1997, the firm is headquartered in Denver and maintains regional investment offices in New York City, Charlotte, Austin, Los Angeles, and San Francisco metro areas. Sagard Real Estate is a part of Sagard, a multi-strategy alternative asset management firm. For more information, visit www.sagard.com/realestate or follow us on LinkedIn.
About Sagard
Sagard is a global multi-strategy alternative asset management firm with more than US$46B under management, 190 portfolio companies, and 540+ professionals.
We invest in venture capital, private equity, private credit, and real estate. We deliver flexible capital, an entrepreneurial culture, and a global network of investors, commercial partners, advisors, and value creation experts. Our dynamic and supportive ecosystem gives our partners the advantage they need to learn, grow and win at every stage. The firm has offices in Canada, the United States, Europe, and the Middle East. For more information, visit www.sagard.com or follow us on LinkedIn.
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