The Alameda Landing site, on the former Navy Fleet Industrial Supply Center (FISC) has been sold to private investment firm TPG Capital. Catellus had planned to build over 300 homes and several hundred thousand square feet of retail and office site at the location just across the estuary from Oakland’s Jack London Square.
Through their press agency, TPG Capital declined to comment. According to their website, “TPG Capital SM (formerly known as Texas Pacific Group ®) is a leading global private investment firm with $48 billion of capital under management across a family of funds. Since the firm’s founding in 1992, our investment philosophy has been to create value by investing in change – change created by industry trends, economic cycles or specific company circumstances. Our tradition of providing unique investment insight and value-added operating capabilities to companies undergoing change, as well as our comfort in dealing with complexity and distressed companies, differentiates us from many traditional private investment firms.”