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9/14/20
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Atum Biotechnology acquired a 40.1k sf, industrial building in the Bay Area city of Newark in a recent $8.83 mil ($220/sf) deal. Atum is a provider of tools and solutions to life science researchers including gene design, optimization and synthesis, expression vectors, and platforms for protein and cellular engineering and production.
The property, located at 8484 Central Ave, west of I-880, is a freestanding industrial building located in a business park near the Dumbarton Bridge. Tenant improvements by the new owner to convert the property into a lab and office space are underway.
Todd Severson, SIOR, with Colliers International, represented the seller, QQE Properties LLC. Colliers, along with Brian Mason of Avison Young and Jeff Powers of Cushman & Wakefield, repped the buyer in the deal.
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