Alameda, CA – Ellis Partners has purchased the Alameda Technology Center, a 3-building, 70,070 square foot project in the Harbor Bay Business Park in Alameda. The project, which is located on Bay Farm Island, was built in 1990.
The Alameda Technology Center is 100% leased, with 97% of the space leased to UT Starcom, a global leader in the manufacture, integration and support of IP-based, end-to-end networking and telecommunications solutions. UT Starcom occupies the three buildings under three separate leases with staggered lease expirations, providing both ownership and UT Starcom with flexibility for future leasing.
“We expect this market to draw tenants seeking a high quality business park environment at rents that are competitively priced versus the higher cost surrounding areas of Berkeley, Emeryville, and Oakland, which are seeing higher rents and a growing lack of available space” said Jason Morehouse of Ellis Partners. Adding to the long-term viability of project is the recently completed Ron Cowan parkway, which provides more immediate access to the Harbor Bay submarket from the I-880 freeway.
About Ellis Partners:
Ellis Partners LLC was founded in 1993 for the purpose of acquiring and developing commercial real estate properties. The firm has a long history of adding significant value to its projects through active and responsible asset management, benefiting both tenants and the surrounding community.