Hackman Capital Partners Purchases Emeryville, California, Commercial Building
09/11/2018
According to company officials, the recent purchase includes a 25,138-square-foot building and off-street parking lot.
According to Matt Landstrom, Vice President of Acquisitions for Hackman Capital, the building, which is available for lease, features hard-to-find storage and distribution space, dock-high loading, large windows and skylights, plus a wooden bow truss roof. Leveraging those features, Hackman Capital intends to implement a capital program to renovate the building, which could include improvements for lab-related and office uses.
The purchase follows on the heels of the company's acquisition of a five-building portfolio, known as Emeryville Exchange, in June. Five of the now six buildings, including the recent purchase, are situated in Jelly Bean Square, which takes its name from the largest building's roots as the former Jelly Belly distribution center. The sixth building, called the Thoroughbred Building, is located approximately 10 blocks south of the square at 1250 53rd Street.
"We're thrilled to be expanding our presence in this dynamic East Bay market," said Matt Landstrom, Vice President of Acquisitions for Hackman Capital. "With high demand and limited supply, Emeryville is quickly growing and evolving.”
Project Announcements
Piramal Pharma Solutions Expands Lexington, Kentucky, Operations
10/04/2024
G&H Decoys Plans Corning, Arkansas, Headquarters-Manufacturing Operations
10/04/2024
Britain-Based Ultimate Defense Technologies Establishes Billings, Montana, Operations
10/04/2024
Google Plans Dorchester County, South Carolina, Data Center Operations
10/04/2024
Sirius Analysis Plans Virginia Beach, Virginia, Headquarters
10/04/2024
South Korea-Based ILJIN Plans Auburn, Alabama, Manufacturing Operations
10/04/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Challenge of Securing Sufficient Electrical Power for Battery Cell Plants
Q3 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024