Alameda Center is a 155,040-square-foot four-building office/R&D campus.
ALAMEDA, CA—Just one mile away in Oakland, office/R&D properties are selling at 50% higher pricing, which translates to a large plus sign in the investor value proposition column. Recent sales reflect the exuberance for the pricing imbalance.
Case in point is Alameda Center, a 155,040-square-foot four-building office/R&D campus adjacent to Alameda Landing. It has been purchased by North River Company LLC, which invests in markets with strong path-of-growth characteristics. North River Company owns and operates 4 million square feet of mixed-use properties in eight states.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
