Key Takeaways
- • Sagard Real Estate (SRE), the U.S. real estate investment advisor of multi-strategy alternative manager Sagard, acquired 6691 Clark Avenue, a fully leased industrial outdoor storage (IOS) property in Newark, California, within the infill East Bay submarket, according to a Business Wire release.
- • The deal is the second Bay Area IOS investment for the Sagard Real Estate–La Caisse IOS joint venture, which targets key U.S. seaport markets.
- • The 2.84-acre site includes an approximately 22,100-square-foot industrial building with 22-foot clear heights, positioned for contractor yard, equipment rental, and light distribution uses.
- • The property sits about 1.7 miles from I-880 and 20-25 miles from Oakland International Airport and the Port of Oakland; the release did not disclose the purchase price.
- • Sagard Real Estate reports $6.1B in assets under management, while parent Sagard reports over $47B in AUM as of June 30, 2026.
Summary
Sagard Real Estate, a U.S.-based real estate investment advisor and subsidiary of Sagard, announced the acquisition of 6691 Clark Avenue in Newark, California, according to a Business Wire release. The fully leased industrial outdoor storage property marks the second Bay Area IOS investment for the joint venture between Sagard Real Estate and global investment group La Caisse (formerly CDPQ). The venture is focused on U.S. seaport markets where tenant demand is driven by proximity to ports, population centers, and trade infrastructure.
The property is a fully secured, paved, and lit 2.84-acre site with an approximately 22,100-square-foot industrial building featuring 22-foot clear heights. The asset is suited to contractor yard and materials storage, equipment rental and sales, light distribution, and other IOS uses. The release states the property is about 1.7 miles from I-880, 3.6 miles from SR-84 / the Dumbarton Bridge, and 20-25 miles from Oakland International Airport and the Port of Oakland. The release did not disclose the purchase price.
Tom Stover, Managing Director, Acquisitions at Sagard Real Estate, said the site's access to the East Bay transportation network is central to the investment's appeal. He added that the firm's focus for further Bay Area IOS acquisitions remains on established infill locations with outdoor space and regional transportation access. The company said the acquisition advances the joint venture's plans to build a broader regional portfolio and strengthens its presence in high-barrier-to-entry coastal markets.
Sagard Real Estate manages $6.1B in assets under management and offers commercial real estate strategies through separate accounts and commingled funds. The firm was founded in 1997 and is headquartered in Denver. Parent Sagard, a multi-strategy alternative manager investing in venture capital, private equity, private credit, and real estate, reports over $47B in AUM as of June 30, 2026.
The property is a fully secured, paved, and lit 2.84-acre site with an approximately 22,100-square-foot industrial building featuring 22-foot clear heights. The asset is suited to contractor yard and materials storage, equipment rental and sales, light distribution, and other IOS uses. The release states the property is about 1.7 miles from I-880, 3.6 miles from SR-84 / the Dumbarton Bridge, and 20-25 miles from Oakland International Airport and the Port of Oakland. The release did not disclose the purchase price.
Tom Stover, Managing Director, Acquisitions at Sagard Real Estate, said the site's access to the East Bay transportation network is central to the investment's appeal. He added that the firm's focus for further Bay Area IOS acquisitions remains on established infill locations with outdoor space and regional transportation access. The company said the acquisition advances the joint venture's plans to build a broader regional portfolio and strengthens its presence in high-barrier-to-entry coastal markets.
Sagard Real Estate manages $6.1B in assets under management and offers commercial real estate strategies through separate accounts and commingled funds. The firm was founded in 1997 and is headquartered in Denver. Parent Sagard, a multi-strategy alternative manager investing in venture capital, private equity, private credit, and real estate, reports over $47B in AUM as of June 30, 2026.
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