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| The Atrium at 1650 65th Street, Emeryville, CA |
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| Steve Golubchik |
SAN FRANCISCO, CA –-
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $30.5 million
sale of The Atrium at 1650 65th Street
in the San Francisco Bay Area community of Emeryville, California.
HFF marketed the property
on behalf of the seller, Griffin Capital Corporation. Gerding Edlen purchased the asset.
The Atrium is a
127,246-square-foot, value-add, one-story building. Renovated and seismically upgraded in 2004,
the building was originally constructed as a warehouse in 1953 and converted
into office space in 1990.
The site could be redeveloped into creative
office, retail, mixed-use or multi-housing space. The Atrium has immediate access to Interstate
80/580, which provides a direct route into both San Francisco and Oakland, via
the building’s proximity to Shellmound Street, a major East Bay thoroughfare.
The area surrounding the property is home to
10 corporate headquarters, including Clif Bar, Leapfrog and Pixar
Animation.
The HFF investment sales
team representing the seller was led by senior managing director and co-head of
HFF’s San Francisco office Steve
Golubchik and associate director David
Dokko.
“The Atrium presents a
unique opportunity to control a large block of office space in an infill urban
location just minutes from downtown San Francisco,” Golubchik said. “With the added potential for redevelopment,
the Atrium is a great fit for a group with Gerding Edlen’s expertise. The long-standing view of Emeryville as an
institutional market continues today.”
(1) Includes the property
information related to a joint venture with affiliates of Digital Realty Trust,
L.P. and a joint venture in which Griffin-American Healthcare REIT III holds a
majority interest.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
