Exclusive: Thor Equities Completes First Berkeley Purchase
“Berkeley is an ideal location for office and R&D space due to its proximity to the University of California and numerous life science companies, along with easy transportation access to the entire Bay Area,” Thor Equities CEO Joseph Sitt said in a statement.
The 48K SF asset has three buildings occupied by Bonneville Labs, Lifelong Medical Care, Blue Current and Lumiphore. The 2.9-acre parcel has a furnished outdoor courtyard and direct access to Aquatic Park. It also is within walking distance of the Fourth Street retail neighborhood.
In addition to being near University of California and Lawrence Berkeley National Laboratory, the property is close to technology, biotech research and pharmaceutical companies such as Bayer Healthcare, Novartis, Grifols and Siemens.
The company owns several properties throughout the Bay Area, including 634 Second St., 152 Geary St. and 444 Jackson St. in San Francisco and 19000 Homestead Road in Cupertino. In the East Bay, it owns 385 17th St. in Oakland.