City Center Realty Partners Acquires Three-Building Office Complex for Life Science Conversion in Berkeley’s Innovation District

Key Facts

SAN FRANCISCO--()--City Center Realty Partners, LLC (CCRP), a San Francisco-based real estate investor and developer, in a joint venture with Contrarian Capital Management, announces its acquisition of the Parker Innovation Hub (Parker Innovation), a three-building office/R&D/life science complex in Berkeley.
“There are great opportunities with this and other projects to develop life science assets that offer tenants urban amenities, easy access and a community of neighboring biotech innovators.”
“Our strategy with this acquisition is to meet the demand in the market for smaller lab space sought by emerging, venture-backed life science tenants,” noted Sig Anderson, CCRP co-founder and CEO.
“There are great opportunities with this and other projects to develop life science assets that offer tenants urban amenities, easy access and a community of neighboring biotech innovators.”