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California   /   December 9, 2020

Dennis Kaiser
By: Dennis Kaiser

Beacon Bags Life Science Conversion Opportunity in Emeryville

Hollis Business Center, a two-building Class A office and life science conversion opportunity in Emeryville, traded hands for an undisclosed amount. The buyer was an affiliate of Boston-based Beacon Capital Partners, while the seller was BentallGreenOak.

Located at 6401 Hollis St. and 1480 64th St., the 225,500-square-foot asset is currently 84% leased to a diverse mix of high-quality tenants. 1480 64th St. was originally constructed for life science use, de-risking the conversion process for investors. Hollis Business Center features optimal slab-to-slab heights and a 637-stall parking structure.

Newmark’s Steven Golubchik, Edmund Najera, Jonathan Schaefler, Darren Hollak and Jack Phipps represented the seller.

Golubchik says, “Hollis Business Center provides an investor the immediate ability to offer a best-in-class mixed-use project with both creative office space and the opportunity to convert existing vacancy to premier life science space in the severely supply-constrained Emeryville market.”

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Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience.
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