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9/16/19
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Think Here, a 161k sf, two-building Life Science/R&D office campus in Thousand Oaks, was acquired by a venture of Singerman Real Estate LLC and HATCHspaces LLC. The price was not disclosed.
The property is comprised of two buildings, located at 1525 and 1535 Rancho Conejo Blvd, within Conejo Spectrum, a 2.8 msf office and industrial micro market that is one of the tightest throughout Ventura County.
Think Here is situated on 14.15 acres and is 71% occupied. The property includes one office building totaling 63.8k sf and one 97.2k sf Life Science/R&D building. The property was renovated in 2000 and again in 2017/2018 with a significant renovation that included new lobby/corridor finishes, outdoor amenities, landscaping, signage and lighting, among other improvements.
The seller, Harbor Associates, was represented by Sean Fulp, Ryan Plummer, Mark Schuessler, Kevin Shannon, Rob Hannan, Michael Moll, Scott Schumacher and Laura Stumm with Newmark Knight Frank. The buyer was repped by NKF’s Patrick DuRoss, John DeGrinis and Jeff Abraham.
“Think Here provides the buyers with a newly renovated, value-add asset within one of the fastest growing biotech hubs in the nation,” said Plummer. “The asset provides an opportunity for HATCHspaces to rebrand the asset as part of its growing portfolio of purpose-built life science facilities and utilize SRE’s experience in other life science clusters.”
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