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January 24, 2019
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Berkeley R&D Complex Trades in $17.5 Mil Deal


A three-building, 48k sf R&D property in Berkeley sold for $17.5 mil ($365/sf). The complex is situated on nearly three acres of land at 600-630 Bancroft Way, on the banks of Berkeley’s Aquatic Park.

The fully leased complex is 100% occupied by users including Bonneville Labs, Lifelong Medical Care, Blue Current, and Lumiphore. The property features ample parking, an outdoor courtyard with seating, bike racks and a waterfront location offering unobstructed panoramic views of San Francisco. Located near University of California Berkeley, the complex possesses abundant walkable dining and retail amenities including Peet’s Coffee and Apple Store.

Forrest Gherlone and Mike Zylstra of Newmark Cornish & Carey Walnut Creek, together with Grant Lammersen, Steve Golubchik, and Tim Walling of NKF Capital Markets, represented the property seller, Long Market Property Partners.

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