News

Berkeley, CA — Long Market Property Partners today announced the acquisition of 600-626 Bancroft Way in Berkeley, CA, a picturesque 48,000 square foot, 3-building office and R&D campus. The property abuts Aquatic Park in West Berkeley with views of both the Berkeley Marina and San Francisco skyline in the distance. The eclectic West Berkeley market is home to numerous bio-technology companies along with several notable multi-family developments in addition to the prominent 4th Street retail corridor.

The property was acquired by Long Market Property Partners with the goal of continuing to provide quality office and R&D space for both large and small companies looking to make the Emeryville / West Berkeley market their home. According to Justin Shapiro, Principal of Long Market Property Partners.

“We are excited to be part of the growing West Berkeley market which is increasingly catering to biotechnology companies with a steady stream of ideas and innovation coming out of the University of California at Berkeley. It’s a project we feel will enjoy long term success given the serene setting on Aquatic Park lake coupled with the walkability to numerous shopping and dining options on 4th Street.”

John Norheim and Steve Smith of Norheim & Yost represented the seller, a private local holding company. Long Market Property Partners represented itself in the transaction. Steve Smith comments, “We’re thrilled to have the guys at Long Market involved with this dynamic West Berkeley community of property owners”