0920_September Comstock's Magazine September 2020 | Page 68

McClellan Park
SPECIAL PROMOTIONAL SECTION
WELCOME
We began redeveloping McClellan Air
Force Base into McClellan Park in 1999,
prior to the base’s official decommissioning
in 2001. Our team knew it would be
an enormous undertaking with unknown
potential challenges.
There were 3,000 acres of land, 7 miles
of rail and 8 million square feet of existing
structures that required renovation and
reuse. There was the responsibility of safely
transposing a prominent business campus
— one of the largest in the state — onto a
Superfund site (a contaminated site to be
cleaned up for return to productive use).
This was the ultimate real estate development
challenge, reinvigorating a site that
at its peak employed 25,000 people and
contributed $1.5 billion annually to the
regional economy, but at closure employed
only a few thousand.
Through a public-private partnership
with the County of Sacramento, the Air
Force, and other local and federal organizations,
we swiftly and successfully navigated
those hurdles. Employment never dropped
below the level it was when we began
redeveloping the site, and today McClellan
is a major county employment center.
We redeveloped 8 million square feet of
leasable space across the 3,000-acre park
and turned it into one of the nation’s largest
master planned business parks. Our efforts
resulted in receiving the Environmental
Protection Agency’s inaugural National
Federal Facility Excellence in Site Reuse
award for the legacy McClellan Park has
both safeguarded and propelled forward.
We always knew the site’s potential
due to its historic significance to the region.
The importance of McClellan Park to the
community and the greater Sacramento
region has continued to grow. We are fortunate
for the contribution McClellan Park
has made to the local economy and how
it represents an opportunity for so many
businesses to expand, while staying local to
Sacramento and attracting new businesses
to the region.
Today, McClellan Park encompasses
9 million square feet of building space
and boasts a 90 percent occupancy rate.
Our campus is home to 250 commercial
tenants who contribute more than 20,000
jobs to the Sacramento region. The amenities
have grown to include a commercial
hotel and several restaurants, along with
150 residences for the community and onsite
employees. We began a new chapter
for the project with our first new speculative
development completed and fully
leased in 2020. We expect to deliver up to
300,000 square feet of new distribution
warehouse space in 2021, and we have
county entitlements to build another 4
million square feet this decade.
McClellan Park’s Sacramento Mc-
Clellan Airport remains an instrumental
resource to the public and government
agencies, made even more crucial after its
privatization in 2017. Sacramento McClellan
Airport, the largest privately owned
public-use airport in the nation, is one of
the largest aviation firefighting bases in the
state and is home to the US Coast Guard
long range search and rescue operations.
We are so proud of our team and
its tireless work to continue to grow the
McClellan Park campus and make it a
place of endless opportunity for its tenants,
Sacramento County and the region. We
have accomplished so much in the last
two decades but, really, we’re just getting
started.
Sincerely,
McClellan Park
Larry Kelley
President
Frank Myers
Executive Vice President
Chief Operating Officer
68 comstocksmag.com | September 2020