McClellan Park LLC, established in 2001 to redevelop the former McClellan Air Force Base, operates a 3,000-acre master-planned business park in Sacramento, California. The firm emerged from the vision of Larry Kelley (Principal of LDK Capital) and Industrial Realty Group (IRG), forming a partnership that has since transformed the site into a multi-asset mixed-use community. Over two decades, it has developed more than 16 million square feet of industrial, office, aviation, retail, residential, and hospitality properties.
The company focuses on industrial/logistics, office, aviation, residential, retail, and hospitality asset classes, alongside comprehensive facilities management and airport operations. Its investment strategy emphasizes value-add and adaptive-reuse, particularly in brownfield and former military sites.
McClellan Park positions itself as a vertically integrated community operator, balancing land sales, lease income, and service-based revenue streams. It generates multiple revenue channels from property leasing and the onsite airport and hospitality operations, enabling diversified income in a single regional footprint.
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