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California  + Bay Area  + Office  |  December 13, 2021
JV Scoops Up Parker Innovation in Highly Coveted East Bay/880 Corridor
Lisa Brown
By: Lisa Brown

JV Scoops Up Parker Innovation in Highly Coveted East Bay/880 Corridor

City Center Realty Partners LLC (CCRP), in a joint venture with Contrarian Capital Management, recently acquired the Parker Innovation Hub, a three-building office/R&D/life science complex in Berkeley. The buildings, located at 2607 7th St., 918 Parker St. and 2612 8th St., comprise 40,580 square feet.

Parker Innovation is situated in the highly coveted East Bay/880 corridor within blocks of several other CCRP projects. The Public Market Emeryville, which CCRP is developing with Oxford Properties Group, is located in the Emeryville life sciences cluster. The 14-acre mixed-use site is undergoing transformation into a biotech hub and is envisioned to include 400,000 square feet of new life science buildings, along with up to 60,000 square feet being converted into life science over time.

Scott Prosser, Mark Kol, Mike Raffetto and Jack DePuy of CBRE represented the seller and the buyer in the Parker Innovation Hub deal.

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Scott Prosser

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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