Outrigger Industrial to Redevelop Existing Industrial Property and Deliver Modern Class A Building in Oakland, CA

Oakland, CA – May 23, 2025 Outrigger Industrial, in partnership with Metlife Investment Management, has announced plans to redevelop the property at 727 Kennedy Street in Oakland, CA. The investment will upgrade the functionality of the vacant building, aligning it with modern standards and current market needs. Construction at Kennedy Logistics Center is slated to begin in Q3 of 2025 with a completion target of Q2 2026.

“Outrigger Industrial is committed to investing in Northern California’s East Bay area, especially in projects like this where repositioning an asset has both a financial upside as well as broader community benefits,” said William Lu, Co-Founder & Managing Partner, Outrigger Industrial.  “We would like to extend our gratitude to the City of Oakland. This project would not have come to fruition without their partnership throughout all phases of the planning process.

The initial phase of construction at Kennedy Logistics Center involves a reduction of the existing building footprint by 57,000 square feet to allow for loading dock reconfiguration (30 new dock high positions along with a 130’ truck court) designed to improve operational efficiency and additional auto parking. The upgraded building, which will comprise 177,000 square feet, will feature numerous structural re-enforcements and visual enhancements. These include the installation of new structural columns (60’x64’) and roof structure at a 32-foot clear height, updating existing building systems to meet current code compliance (e.g., fire, seismic, and life/safety), creating dedicated office space as well as modern improvements to the building architecture and hardscaping.  The property is conveniently located immediately adjacent to the I-880 between the Port of Oakland and OAK Airport.

About Outrigger Industrial, LLC:

Outrigger Industrial, LLC is a joint venture partnership between co-owners and managing members of PTLR, LLC (Podboy, Trinkle, Lu, and Rowley) and co-owners and investment firms Davidson Kempner Capital Management and Monarch Alternative Capital. Outrigger Industrial is strategically designed to invest in and develop industrial opportunities including ground-up development and value-add projects across the United States. The company is focused on infill and other high barriers to entry submarkets in major cities which exhibit strong macroeconomic and real estate fundamentals. Outrigger Industrial has offices in Chicago, Los Angeles, Houston, Atlanta, Philadelphia, and Columbus. For more information, please visit www.outriggerindustrial.com.

Outrigger Industrial Regional Media Contacts:

West Coast:

William Lu, Co-Founder & Managing Partner
949-872-0021
wlu@outriggerindustrial.com