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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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About Dennis Kaiser

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 including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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