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California  + Bay Area  + Industrial  | 

Former Gritstone Biomanufacturing Facility Changes Hands

 JLL Capital Markets arranged the $8.5-million sale of Tri-Valley GMP, a 42,620-square-foot industrial biomanufacturing facility located at 4696 Willow Rd. in Pleasanton. A team led by senior director Erik Hanson represented the seller. The buyers were Cannae Partners and REALM.

The cGMP facility previously served as Gritstone bio’s Tri-Valley hub until it vacated this past February. The property benefits from significant improvements that transformed it into a state-of-the-art laboratory and manufacturing complex featuring 12 production rooms, ISO 5+ cleanroom space and comprehensive quality assurance and quality control laboratories, according to JLL.

Located within the Tri-Valley and 680 Corridor, the facility offers access to nearby amenities and transportation nodes, including Bay Area Rapid Transit stations and Interstates 680 and 580. Pleasanton reportedly commands the strongest research and development and lab tenant demand in the Tri-Valley, with nearly 300,000 square feet of flex and lab space absorbed over the past 24 months.

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JLL's Hanson

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).

  • ◦Sale/Acquisition
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