Lift Partners has acquired six buildings totaling 139,000 SF in three separate off-market transactions. The properties are a mix of creative office, industrial and R&D/manufacturing spaces all within a few blocks of each other:
742 Grayson Street, Berkeley, CA – 75,000 SF
3-story building acquired in off-market sale with German conglomerate the Henkel Corporation. Henkel had owned the property for the past 50+ years before doing a lot split, vacating and selling the western half of its Berkeley facility to Lift as vacant building. The property has tall exposed timber truss ceilings, sash windows, dramatic unobstructed SF Bay views from western portion and flexibility to accommodate office, life science, manufacturing and industrial uses. Mark Kol and Mike Raffetto of CBRE is marketing the property for Lift and building can accommodate a single user or be multi-tenanted.
Parker Street Portfolio, Berkeley, CA – 41,000 SF
A three building campus with mix of high-end creative office and light industrial space totaling 41,000 SF located at 918 Parker Street, 2607 7th Street & 2612 8th Street. Property is currently 80% occupied and benefits from exposed timber truss ceilings, central amenity courtyard, and SF Bay views from upper floors. The property was the once the home of Ask.com and is currently home to a mix of venture capital, advertising, legal firms and light industrial uses. Mark Kol and Mike Raffetto with CBRE are marketing the property on behalf of Lift with availabilities ranging from 1,500 to 30,000 SF for immediate occupancy.
6655 Hollis Street, Emeryville, CA – 23,000 SF
A two building property consisting of a 2-story office building of 5,000 SF and 1-story R&D/industrial building of 18,000 SF with adjacent surface parking lot. Property was vacant at time of acquisition. Built in 1925, the property benefits from boardform concrete, clerestory sash windows and retail like presence at corner of Hollis & 67th Streets. Lift is planning a substantial rehab to property and is hopeful to land a creative food or tech manufacturing user typical of Emeryville submarket. David Becker and Jay Cahan of HCM Commercial is marketing property for Lift