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Graymark Buys Thousand Oaks Office Building for Life Sciences Conversion

Graymark Buys Thousand Oaks Office for Life Sciences Conversion

Graymark Capital has acquired 120 Via Merida, a 99,000-square-foot office building in Thousand Oaks, CA. The San Francisco-based company paid $17.75 million for the property and also secured $42 million in financing for the acquisition and speculative conversion of a life sciences campus.

CBRE’s Mike Longo, Sean Sullivan and Todd Tydlaska represented the seller in the transaction, a private equity firm and CBRE’s Greg Grant facilitated the financing. “Thousand Oaks is the heartbeat of Life Sciences in Los Angeles. The property sits at the entrance to the market and offers an ideal lab conversion due to its high-quality construction and campus layout,” commented Longo.

Gray Matter and architect BAM Creative will develop the conversion that will feature 60% lab-ready space with upgraded mechanical, electrical and plumbing. The property will also undergo exterior and site improvements to the power system, loading area, indoor/outdoor amenity areas, roof and parking lot.


Inside The Story

Graymark CapitalCBRE's Michael LongoGray MatterBAM Creative

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.