Emeryville office complex sets new sale-price record - San Francisco Business Times:

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TMG is based in San Francisco and owned Bay Centerfwith , also of San Francisco. Harvest, of Emeryville, boughf Bay Center in partnership with Principap Real Estate Investors ofDes Iowa. The three-building, 328,000-square-foot Bay Centefr was best known as the home to database firm beforwe the company moved to Dublib fiveyears ago. It is now home to Novartis, Mobitv, and . The deal is worthg upwards of $365 per square eclipsing the $340-per-square foot sale of Emeryville'x Watergate Office Towers to last Seller was believed to have set a city record with both the totaoland per-square-foot value of the $394 million TMG confirmed the Bay Center but declined to give pricing, which was supplied by a source with knowledge of the deal.
Brian a partner at TMG, said the center is now 85 percent leased following improvements and a decision to chop up some spacs into smaller suites rangingfrom 1,100 to 5,009 square feet, a size appropriate to startups drawh by Emeryville's strong ecosystem of biotech and digital entertainment companies. "That really helped us, particularlty in the slower times, get it leased Fleming said. A team led by Bob Gilley handlerd the listingand sale.