Key Takeaways
- • Sagard Real Estate (SRE), the U.S. real estate investment advisor and subsidiary of multi-strategy alternative manager Sagard, announced the acquisition of 6691 Clark Avenue in Newark, California, a fully leased industrial outdoor storage (IOS) property.
- • The deal is the second Bay Area IOS investment for the SRE–La Caisse (formerly CDPQ) IOS joint venture, which is targeting U.S. seaport markets.
- • The 2.84-acre site includes an approximately 22,100-square-foot industrial building with 22-foot clear heights, located roughly 1.7 miles from I-880 and 20-25 miles from the Port of Oakland and Oakland International Airport.
- • Tom Stover, Managing Director, Acquisitions at SRE, said the firm will continue pursuing IOS acquisitions in established infill Bay Area locations with outdoor space and regional transportation access.
- • Sagard Real Estate manages $6.1B in AUM; parent Sagard reports over $47B in AUM as of June 30, 2026.
Summary
Sagard Real Estate (SRE) has 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 announcement dated October 28, 2026. The purchase is the second Bay Area IOS investment for the joint venture between SRE and global investment group La Caisse (formerly CDPQ), and it extends the venture's strategy of investing in key U.S. seaport markets, where tenant demand is driven by proximity to ports, population centers and trade infrastructure.
The property sits about 1.7 miles from I-880 and 3.6 miles from SR-84 / the Dumbarton Bridge, and is roughly 20 to 25 miles from Oakland International Airport and the Port of Oakland. The fully secured, paved and lit site spans 2.84 acres and includes an approximately 22,100-square-foot industrial building with 22-foot clear heights. The configuration suits contractor yard and materials storage, equipment rental and sales, light distribution and other IOS uses in what the announcement describes as one of the nation's most supply-constrained industrial markets.
Tom Stover, Managing Director, Acquisitions at Sagard Real Estate, said the location's access to the East Bay transportation network was central to the investment. He added that the firm's focus for further Bay Area IOS acquisitions remains on established infill locations with outdoor space and access to regional transportation infrastructure.
SRE is a U.S.-based real estate investment advisor with $6.1B in assets under management, founded in 1997 and headquartered in Denver, with regional offices in New York City, Charlotte, Austin, Los Angeles and San Francisco. It is part of Sagard, a global multi-strategy alternative asset manager with over $47B in AUM as of June 30, 2026, investing across venture capital, private equity, private credit and real estate. The announcement states that 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. The purchase price was not disclosed in the announcement.
The property sits about 1.7 miles from I-880 and 3.6 miles from SR-84 / the Dumbarton Bridge, and is roughly 20 to 25 miles from Oakland International Airport and the Port of Oakland. The fully secured, paved and lit site spans 2.84 acres and includes an approximately 22,100-square-foot industrial building with 22-foot clear heights. The configuration suits contractor yard and materials storage, equipment rental and sales, light distribution and other IOS uses in what the announcement describes as one of the nation's most supply-constrained industrial markets.
Tom Stover, Managing Director, Acquisitions at Sagard Real Estate, said the location's access to the East Bay transportation network was central to the investment. He added that the firm's focus for further Bay Area IOS acquisitions remains on established infill locations with outdoor space and access to regional transportation infrastructure.
SRE is a U.S.-based real estate investment advisor with $6.1B in assets under management, founded in 1997 and headquartered in Denver, with regional offices in New York City, Charlotte, Austin, Los Angeles and San Francisco. It is part of Sagard, a global multi-strategy alternative asset manager with over $47B in AUM as of June 30, 2026, investing across venture capital, private equity, private credit and real estate. The announcement states that 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. The purchase price was not disclosed in the announcement.
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