San Francisco-based Ellis Partners has acquired the 19,000 square foot building located at 4090 Halleck Street in Emeryville for $6.3 million, or just over $331 per square foot, according to sources familiar with the acquisition of the property. Ellis Partners would not comment on what it paid for the property. The company used its own capital to acquire this asset. The seller of the building was an end-user that was in the art re-printing business. It had sold the business a couple of years ago and no longer had any use for the building. The seller was represented in the sale by …
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Ellis Partners comes full circle on Roseville office plan
When his firm Ellis Partners bought a nine-building portfolio of office buildings in Roseville from Hines in 2012, co-managing principal James F. Ellis said he believed the region was poised for better times. With Sacramento still in the early stages of recovery from the Great Recession, vacancy on the Douglas Boulevard corridor was 23 percent, so there was definite room for improvement. Ellis’ optimism paid off over the next six years, as the San Francisco firm employed an aggressive strategy of improving the buildings and going after tenants. From then until now, according to Newmark Knight Frank, Ellis’ Roseville properties saw 180 deals. Ellis …
Ellis Partners Announces Another Wave of New Tenants as The Pruneyard Realizes its Renaissance
CAMPBELL, CA. – The Pruneyard is abuzz with new retail and restaurant tenants as the property completes its first phase of construction, elevating this Bay Area landmark’s shopping, dining and entertainment options. “Our new and incoming tenant mix will complement many of our longstanding tenants and further enhance The Pruneyard as a vibrant dining, shopping and entertainment destination for the entire West Valley,” says Caroline Morris, senior vice president at Ellis Partners, owner of The Pruneyard. This spring, The Pruneyard will be home to several new and innovative dining concepts and retailers as well as refreshed offerings from longstanding tenants. Asian Box will …
Developers Ellis Partners and Intercontinental Real Estate Corporation to Break Ground on “The Key at 12th”
Oakland, CA – Today Ellis Partners, in a joint venture with Intercontinental Real Estate Corporation, formally broke ground on “The Key at 12th,” a new state of the art Class A office tower, adjacent to BART and across from the City Center development. With hard hats and shovels in hand, Oakland’s Mayor and City officials joined in the celebration. Ellis and Intercontinental expect completion and occupancy in late 2019. “We are honored to have the opportunity to transform this long-vacant block into Oakland’s premiere office building” said James Ellis, Managing Principal of the Ellis Partners. “The Key at 12th will integrate …