Wareham, one of the biggest developers in the Bay Area with over four million square feet of property, says the attraction of its 20-acre, 440,000-sf EmeryStation development at 5858 and 5980 Horton St. is class A space complete with terraces, views of the San Francisco Bay and a fiber-wired and wireless infrastructure, all within close proximity of multiple forms of public transportation – and at a decent price.
"We are meeting current market needs by quoting rents that will allow people to sign," says Geoffrey Sears, a partner in Wareham. Sears tells GlobeSt that current rates range from $2.75/sf to $3.00/sf (NNN) with annual bumps within the term. "In today's market landlords and tenants both have equal bargaining power," adds Sears. "Each tenant has a different need and we try to be flexible with that as we want to make a marriage that will work over time and help companies who come here to grow, so being flexible is important in a strong tenant/landlord relationship."
The largest recent deals at EmeryStation were Fair Isaacs, a provider of risk management technologies and consulting, and Whole Foods Market, the world's largest retailer of natural and organic foods. The operations each took about 15,000 sf.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
