Cannae Partners Snaps Up Emeryville Creative Offices

Newmark arranged the sale of EmeryTech, a creative office campus at 1400 65th St. in Emeryville for an undisclosed sum. Executive Vice Chairman and President, Western Region Capital Markets Steve Golubchik, Vice Chairman Edmund Najera and Senior Managing Director Darren Hollak represented buyer Cannae Partners as well as the undisclosed seller.

Comprising 234,016 square feet, EmeryTech benefits from more than $37.9 million in recent capital improvements. It is currently 66.9% leased and anchored by Premier Nutrition, which recently executed a long-term, 10-year lease.

“EmeryTech checked every box investors are looking for in the East Bay: institutional-quality construction, significant recent capital investment, durable cash flow and a location at the center of the region’s innovation economy,” said Golubchik. “As office fundamentals continue to stabilize, opportunities to acquire a truly differentiated creative campus at a basis well below replacement cost are increasingly difficult to find. Cannae recognized that value and moved decisively.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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