|
|
3/01/22
|
Azzur Group has leased two buildings totaling 76.3k sf of space at the Loop at Harbor Bay in Alameda. The life science company’s new space is at 1955 and 2065 North Loop Rd. Terms of the transaction were not disclosed.
Completed in 2021, The Loop at Harbor Bay is a six-building business park totaling approximately 332k sf. The park was developed to accommodate life science companies as they transition from the lab into pilot manufacturing and commercialization. Other tenants at the park include Exelixis, Abbott Diabetes Care, Penumbra and SentiBio.
The Loop at Harbor Bay offers features needed by life science companies. These include ample power, high clear heights, grade and dock loading, the most recent seismic upgrades, and a mix of ESFR and heavy sprinklers. The park is approved for advanced manufacturing, bio life science, research and development, STEM, food production, warehouse and distribution, and office use.
The Loop at Harbor Bay is centrally located with access to public transportation, the Oakland International Airport and the I-880 freeway. The park has a free BART shuttle and is minutes from the water ferry to the South San Francisco Ferry Terminal and the San Francisco Ferry Building.
Mark Kol, Mike Raffetto and Austin Hinder with CBRE’s Oakland office represented the building owner, Invesco. Brett Kluewer of Stream Realty Partners and John McMahon of Colliers represented Azzur Group in the lease.
“Biomanufacturing and STEM companies often want to control their manufacturing and production process as they expand to their next stage of growth. The Loop at Harbor Bay streamlines the process with state-of-the-art buildings, ample capital available for tenant improvements, and sophisticated ownership that understands the complexities of the life science, STEM and advanced manufacturing sectors,” noted Kol.
Life sciences employment in the Bay Area increased 5.6% between 2019 and 2020, the highest growth rate among the nation’s largest life sciences clusters, according to CBRE’s U.S. Life Sciences Trends 2021 report. The Bay Area is now home to the largest life sciences workforce in the nation with 129,000 jobs. Venture-capital funding for U.S. life sciences companies exceeded $30 bil, the most on record, in the 12 months ended in September. Over 20% of that funding ($6.7 billion) went to companies in the Bay Area, a record high.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
