Lift Partners has acquired a 23,000 SF two building office/R&D portfolio in Berkeley CA.
The property located at 2619-2629 7th Street was the former home of the seller, the Swerve Custom furniture company, which rehabbed the Berkley Brass Foundry sparing no expense including exposed structural steel ceilings, abundant natural light provided by skylights, radiant heated polished concrete floors and outdoor patio amenity space with boardform concrete. The former steel frame of the Foundry is used as decorative architectural feature above the surface parking lot. The 2619 land parcel which has yet to be redeveloped provides opportunity for future value creation.
After putting the property in contract, Lift Partners secured a new 7-year lease with EnChroma (www.EnChroma.com), a company that has developed a lens technology for glass and sunglasses to correct color blindness. EnChroma was recently featured in the NY Times, Bloomberg, the Today Show and many other prominent media outlets as its technology is being delivered to the consumers with rave reviews by those who have suffered from color blindness. Click Here to read NY Times article. With the EnChroma lease, the property is 100% occupied.