Prologis Rejoins Talks to Buy Oakland Raiders HQ for $24M

Prologis has revived its offer to buy the former Oakland Raiders headquarters and training facility in Alameda for $24 million, after scotching a deal last month.

The San Francisco-based real estate investment trust has rejoined talks to buy the 16-acre property from the City of Oakland and Alameda County at 1150 and 1220 Harbor Bay Parkway, on Bay Farm Island, CoStar and Bisnow reported.

The Oakland City Council plans to vote next month on a potential sale for $24 million, on the condition it be leased to Oakland Pro Soccer, owner of the Oakland Roots and Soul soccer teams, which train on the former Raiders field. A vote is slated for Feb. 6.

The Alameda County Board of Supervisors, now in negotiations with several potential buyers, must approve the sale as well.

Prologis, Torrance-based Overton Moore Properties and Las Vegas-based Steam Factory Oakland are listed as negotiators with the county for the property. Prologis has yet to ink a deal with Oakland, a company spokesman said.

The industrial giant offered to buy the 119,000-square-foot facility early last year for $24 million, which works out to $1.5 million an acre, or $202 per square foot for the two-building property.

Then last month, Prologis withdrew its bid for undisclosed reasons. Now the P-team has scrambled back onto the pitch.

“If the council goes with staff’s recommendations, we would then have more serious talks,” Prologis spokesman Alana Victor told Bisnow in the statement. “At the moment, we are one of several parties that expressed interest. You should also be aware that the city is only a 50 percent owner of the land — the county owns the other 50 percent and has a different process.”

If a sale goes through, Oakland stands to net $11.5 million after broker fees, according to a city report, which said the Prologis offer “is the most attractive” of multiple options for the city.

The deal could position Oakland for a role in the 2026 World Cup, with FIFA saying the former NFL football training grounds “is a strong candidate” to host a participating national team, according to the city.

The City of Oakland and Alameda County became joint-owners in 2020 when the Raiders moved to Las Vegas, and would split any proceeds from a sale.

The East Bay property includes a 100,600-square-foot former Raiders’ headquarters and a 18,400-square-foot former training facility, plus a large parking lot.

The former headquarters has a locker room, media production and conference rooms, two indoor whirlpools with a steam room and a gated parking lot. The training facility has an indoor fitness area, outdoor pool and a grassy field.

The county first offered the property to affordable housing developers in early 2021, in accord with state surplus land law. The land, zoned for commercial manufacturing or light industrial, sits across the street from the Harbor Bay Business Park, a life science hub.

The county tried to auction off the Raider’s former headquarters in the summer of 2023 with a minimum bid of $35.8 million, but postponed the auction without reason or notice. At least 65 potential bidders expressed interest.

A year ago this month, the soccer club and Steam Factory Oakland, led by Meta engineer Anthony Hylick, met with county and city officials about a potential purchase. Steam Factory Oakland focuses on STEM and athletic training for youth, according to state business records.

— Dana Bartholomew