Sutter Health has purchased BioMed Realty’s Emery Yards life science campus for $450M, with plans to transform the 12-acre complex in Emeryville into a 1.3M SF medical hub.
BioMed’s campus includes two life science buildings, located at 5555 Hollis Street and 5300 Chiron Way and encompassing a total of 530K SF, as well as a 1,992-space parking garage. The deal includes two vacant lots at 4563 Horton Street and 1400 53rd Street.
Sutter is planning to invest $1B in a medical hub on the property that will be called the Sutter Emeryville Campus, including construction of a 335K SF hospital that is scheduled to be completed by 2033.
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