Pacific Coast Capital, SRM Acquire 380,000-SF Industrial Complex

ALAMEDA, CA- A partnership of Pacific Coast Capital Partners and SRM Associates has acquired a 380,000-sf office, R&D and light industrial complex at the 314-acre Harbor Bay Business Park in Alameda. The development sits on 25 acres adjacent 75 acres controlled by a related entity. The entire 100 acres will be known as The Waterfront at Harbor Bay.

SRM Associates specializes in real-estate development and project management and Pacific Coast Capital Partners is a real-estate investment company with $1 billion invested in California and other western states. The acquired six-building waterfront campus was developed by SRM Associates between 1996 and 2000 for Ascend Communications and was later acquired by Lucent Technologies.