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Emeryville Site Primed for Creative Life Science Conversion

An affiliate of Chicago-based Walton Street Capital, L.L.C. and San Francisco-based SteelWave LLC acquired 1450 Sherwin Ave., a three-story, 72,000-square-foot building in Emeryville, from LMC, a Lennar Company. The property provides the investors with a redevelopment opportunity to transform a large-block vacancy into an adaptive re-use, Class A creative life science facility.

Constructed in 1919 and followed by a major addition in the 1930’s, the property traces its historical past to The Sherwin-Williams Company. The renovation and repositioning conversion work is anticipated to commence July 2021 with an anticipated completion in March 2022.

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

Golubchik says, “1450 Sherwin represents a rare opportunity for an investor to acquire a fully-entitled, large block vacancy with the ideal foundation for life science repositioning in one of the region’s hottest life science markets.”

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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