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Description
Jones Lang LaSalle Americas, Inc. (“JLL”) has been engaged, as exclusive marketing advisor, to extend to qualified investors the opportunity to acquire the fee simple interest or invest as a joint venture equity partner with WS Management (the “Sponsor”) in the construction of 2900 Harbor Bay Parkway (the “Project”), a 5.5 acre land site in Alameda, CA. Currently entitled as a 172-key hotel, restaurant and cafe, preliminary conversations with the City indicate that 2900 Harbor Bay Parkway can be re-entitled to Life Sciences or cGMP with a 2-3 month path to entitlements.
Informations Clés
- One of the last remaining prime Life Sciences development sites in the East Bay
- Strong Bay Area Life Sciences fundamentals including 10% Y-o-Y rent growth and 2.5% vacancy
- Access to top research universities and highly educated labor pool
- Business-friendly city including expedited permitting process, lower taxes & power provided by city-owned utility
- Bay Area Life Sciences tenant demand outpacing limited availabilities
- Unobstructed views of the bay and Downtown San Francisco
- Tenant requirements for purpose-built lab space driving demand for new development
- Multimodal access to transportation - namely the Oakland International Airport and adjacent Harbor Bay Ferry Terminal
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