Catellus Development Corporation is an

Oakland, California Oakland is the largest city and the county seat of Alameda County, California, United States. A major West Coast port, Oakland is the largest city in the East Bay region of the San Francisco Bay Area, the third largest city overall in the ...

based real estate developer founded in 1984 to be the real estate division of

Santa Fe Pacific Corporation The Santa Fe Pacific Corporation was formed as the Santa Fe Southern Pacific Corporation on by the merger of Santa Fe Industries, which owned the Atchison, Topeka and Santa Fe Railway, with the Southern Pacific Company, which owned the Southern ...

, as part of the

Santa Fe–Southern Pacific merger The Santa Fe–Southern Pacific merger was an attempted corporate consolidation of two of the major railroads in the Western United States at the time: the Atchison, Topeka and Santa Fe Railway and the Southern Pacific Railroad. The approximate ...

. It was spun off into its own company in 1989, after the two railroads split. Catellus created contemporary developments throughout California, including the East Bay Bridge shopping center and Bridgecourt apartment complex in Emeryville in the

San Francisco Bay Area The San Francisco Bay Area, often referred to as simply the Bay Area, is a populous region surrounding the San Francisco, San Pablo, and Suisun Bay estuaries in Northern California. The Bay Area is defined by the Association of Bay Area G ...

. Catellus was also a proponent of the

Emery Go-Round Emery Go-Round is a fare-free public bus system in Emeryville, California. It also provides service to small portions of the adjacent cities of Oakland Oakland is the largest city and the county seat of Alameda County, California, United S ...

tram network.

History

In 1984, the

Atchison, Topeka and Santa Fe Railway The Atchison, Topeka and Santa Fe Railway , often referred to as the Santa Fe or AT&SF, was one of the larger railroads in the United States. The railroad was chartered in February 1859 to serve the cities of Atchison and Topeka, Kansas, and ...

and the

Southern Pacific Lines The Southern Pacific (or Espee from the railroad initials- SP) was an American Class I railroad network that existed from 1865 to 1996 and operated largely in the Western United States. The system was operated by various companies under the ...

announced plans to merge all their assets into a single railway. As part of the merger, Santa Fe Pacific Realty, the real estate arm, was incorporated after the announcement. In 1986, the

Interstate Commerce Commission The Interstate Commerce Commission (ICC) was a regulatory agency in the United States created by the Interstate Commerce Act of 1887. The agency's original purpose was to regulate railroads (and later trucking) to ensure fair rates, to elimina ...

denied the merger, as it would have created a

monopoly A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situati ...

on mainline freight movements in

California California is a state in the Western United States, located along the Pacific Coast. With nearly 39.2million residents across a total area of approximately , it is the most populous U.S. state and the 3rd largest by area. It is also the m ...

and its bordering states. As a result, the two railroads split in 1988. The real estate arm was spun off in 1989 and was renamed Catellus Development Corporation to manage the stations and land parcels next to the railroad tracks remaining under their ownership. It would later come to own numerous properties across the continent. On June 7, 2005, Catellus Development Corporation announced it will merge into

ProLogis Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities. The company was formed through the merger of AMB Property Corporation and Prologis in June 2011, which made Prologi ...

(NYSE: PLD) for $3.6 billion ($5.5 billion in 2018 dollars). The deal closed on September 15, 2005. In late 2010, The

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including lev ...

TPG Capital TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company based in Fort Worth, Texas. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth c ...

announced its intent to acquire a collection of real estate and the Catellus trademark from ProLogis. The deal closed in 2011. Today, the developer operates with headquarters in

, with regional offices elsewhere.

Notable assets

In California

The company owned Los Angeles Union Station; they sold it on April 14, 2011, to Metro. Catellus previously held an entitlement from the city council for developing sites surrounding the station until 2022, which included the station's restoration and seismic upgrades, in addition to constructing the

MTA Building The Metro Headquarters Building (or One Gateway Plaza) is a 398 ft (121 m) high rise office tower in Los Angeles, California. It is located in Northeastern Downtown Los Angeles, east across the tracks from Union Station. Completed in 1 ...

. The entitlement expired with the sale to Metro. It remains the owner of the Santa Fe Depot in

San Diego San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United States ...

, and has created the Santa Fe Place

transit oriented development In urban planning, transit-oriented development (TOD) is a type of urban development that maximizes the amount of residential, business and leisure space within walking distance of public transport. It promotes a symbiotic relationship between ...

on parcels surrounding it. The Grande twin towers are part of that project. In the

, it currently owns the

Pacific Commons Pacific Commons is a master-planned, mixed-use development consisting of 840 acres in Fremont, California currently in development by Catellus Development Corporation. It sits on part of the site of what was once the Fremont Dragstrip/Baylands ...

retail center in Fremont. The master planned Alameda Landing, located near

Alameda Point Alameda Point is the name given to the lands of the former Naval Air Station Alameda in the City of Alameda, California. Alameda Point consists of of land area at the western end of the island of Alameda.''Alameda Point''NAVFAC website/ref> Most o ...

is also a current project under their portfolio.

Outside California

Catellus has overseen construction of the master planned

Mueller Community Mueller is a Planned Unit Development (PUD) in the east-central portion of the city of Austin, Texas, United States. The project is in the process of long-term development on the former site of the Robert Mueller Municipal Airport, which was c ...

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most-populous city ...

Projects

* Airpark 599 -

Stockton, California Stockton is a city in and the county seat of San Joaquin County in the Central Valley of the U.S. state of California. Stockton was founded by Carlos Maria Weber in 1849 after he acquired Rancho Campo de los Franceses. The city is named after R ...

* Alameda Landing and Bayport -

Alameda, California Alameda ( ; ; Spanish for " tree-lined path") is a city in Alameda County, California, located in the East Bay region of the Bay Area. The city is primarily located on Alameda Island, but also spans Bay Farm Island and Coast Guard Island, as we ...

* Circle Point Corporate Campus -

Westminster, Colorado The City of Westminster is a home rule municipality located in Adams and Jefferson counties, Colorado, United States. The city population was 116,317 at the 2020 United States Census with 71,240 residing in Adams County and 45,077 residing in ...

* East Bay Bridge and Bridgecourt - Emeryville/

Oakland Oakland is the largest city and the county seat of Alameda County, California, United States. A major West Coast port, Oakland is the largest city in the East Bay region of the San Francisco Bay Area, the third largest city overall in the Bay ...

, California * Foothill Glen - Union City, California * Kaiser Commerce Center - San Bernardino, California * La Union Station - Los Angeles, California * Mission Bay - San Francisco, California Source:

Works Cited

{{reflist

External links

Official website

Catellus on Facebook
Southern Pacific Railroad Atchison, Topeka and Santa Fe Railway Real estate companies of the United States