Invesco Secures New Tenant for Its Alameda Facilities

Interest and investment in life-sciences projects in the Bay Area continue to pick up some momentum. This time Alameda has seen the Invesco Realty Group find a major tenant for shell buildings it bought just eight months ago.

The tenant is Azzur Group, which is a nationally known entity that specializes in consulting for the life science, biotech and medical device industries. Azzur is headquartered in Hatboro, Penn.

The Alameda property was once known as Harbor Bay Business Park. It’s now The Loop at Harbor Bay, including six buildings at 2115, 2095, 2065 and 1955 North Loop Road and 1410 and 1430 Harbor Bay Parkway. The campus totals about 332,000 square feet.

Invesco bought The Loop from Oakland developer srmErnst for roughly $100 million. The project was completed in the first quarter of 2021 to accommodate companies “as they transition from the lab into pilot manufacturing and commercialization,” according to a brochure.