1410 Harbor Bay Parkway. Picture courtesy of Invesco Actual Property
Invesco Actual Property has signed Exelixis as a tenant at 1410 Harbor Bay Parkway, one of many six buildings of its Loop campus in Alameda, Calif. The biotech agency leased the complete, 100,000-square-foot life science facility to make use of as laboratory, bringing its native footprint to roughly 575,000 sq. ft.
CBRE’s Mark Kol, Austin Hinder and Mike Raffetto represented the owner, whereas Kidder Mathews’ Gregg Domanico negotiated on behalf of the brand new tenant.
Exelixis’ new house is a part of The Loop at Harbor Bay, a enterprise park totaling roughly 332,000 sq. ft that Invesco acquired for $101.3 million in 2021, in keeping with CommercialEdge knowledge. Permitted for superior manufacturing, life sciences and STEM-related makes use of, the Class A life science constructing options dock and grade-level loading and was constructed to the newest seismic codes with 100% clear energy.
Exelixis joined Azzur Cleanrooms on Demand and SentiBio, amongst others, on The Loop’s tenant roster, bringing its occupancy to 80 %. Invesco Director of Funding Administration Shannon Aquino stated in ready remarks that the campus supplies a neighborhood for lab/R&D and Present Good Manufacturing Practices corporations in seek for area to develop within the Interior Bay Space.
Fueled by analysis expertise progress and robust investments, demand for Class A life science amenities within the San Francisco Bay Space remained among the many highest within the nation. In response to a CBRE report, lab/R&D area within the Oakland submarket had the second lowest emptiness fee within the area, at 5.7 %, within the third quarter of 2022.
