Jamestown is exploring the possibility of converting a 300K SF East Bay office building into a vertical farming facility.
The property at 2000 Clayton Road in Concord, CA currently is occupied by a six-story office building that previously was home to Bank of America, which built a four-building campus at the location it in the 1980s. BOA vacated the building earlier this year and plans to let its lease expire this summer.
Jamestown bought two buildings at the Clayton Road campus for $117M in 2018. Office vacancy rates in the Concord area currently are more than 17%.
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