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Cannae Partners buys 234,016 sq ft creative office campus in Emeryville

The EmeryTech campus at 1400 65th St. is 66.9% leased and has had more than $37.9 million in recent capital improvements.

Reported · Written up by our desk · Industry

ConnectCRE reports that Newmark arranged the sale of EmeryTech, a creative office campus at 1400 65th St. in Emeryville, to Cannae Partners for an undisclosed price.

The campus totals 234,016 square feet and has benefited from more than $37.9 million in recent capital improvements, according to ConnectCRE.

The property is 66.9% leased, anchored by Premier Nutrition, which recently executed a long-term 10-year lease.

ConnectCRE adds that Executive Vice Chairman and President, Western Region Capital Markets Steve Golubchik, Vice Chairman Edmund Najera, and Senior Managing Director Darren Hollak represented Cannae Partners and the undisclosed seller in the transaction. Golubchik said EmeryTech met investors’ criteria, including institutional-quality construction, recent investment, and durable cash flow.

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