Premier Business Centers

The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
July 25, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Nearon Enterprises and Woodstock Development Buy NoCal Life Sciences Campus


Crossroads Research Center, a four-building life sciences and R&D campus totaling 322.3k sf in Union City, CA, was acquired by a joint venture between Nearon Enterprises and Woodstock Development. The price was not disclosed.

Crossroads Research Center is located at 3180-3200, 3240, 3242 and 3280 Whipple Rd in the high-growth Central I-880 Corridor of the Bay Area. The 23.1-acre site offers a central location easily accessible from the Mid-Peninsula, Silicon Valley and East Bay. In addition, the property has access to nearby world-class universities and research institutions, including UC Berkeley, UCSF, Stanford University, Santa Clara University and San Jose State University, and a highly educated workforce with more than 46% of residents holding a bachelor’s degree or higher.

Built between 2000 and 2004, Crossroads Research Center offers four single-story buildings with ideal life sciences conversion attributes, including 18’ to 24’ clear heights, a substantial mix of dock and grade doors serving each building and an above-market parking ratio.

Will Connors, Daniel Renz, Erik Hanson, Michael Manas and Cheri Pierce with JLL Capital Markets represented the seller in the deal. Peter Smyslowski and Lillian Roos, also with JLL, arranged a five-year, floating-rate acquisition loan through Invesco Real Estate on behalf of the buyer.

“We have seen incredible demand for life sciences conversions in the last year as a result of record life sciences funding and rapidly evolving life sciences requirements in the Bay Area,” Connors said. “This transaction marks the fifth life sciences conversion play we’ve closed over the past six months in the Central I-880 corridor, representing more than 1.2 msf of space.”

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media