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Huge Oakland steel industrial sites head for major revamp as new campuses

September 28, 2021

OAKLAND — Two long-time industrial sites in West Oakland have been grabbed by a veteran real estate company that intends to revamp the properties as new campuses for advanced manufacturing, life sciences and tech firms.

The properties include the American Steel site as well as a nearby property a few blocks away, according to documents on file with the Alameda County Recorder’s Office.

A real estate alliance of developer ScanlanKemperBard and an unnamed capital partner paid $82.5 million for the properties in an all-cash deal, records filed with the county on Sept. 24 show.

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