EMERYVILLE, CA—BioMed Realty has acquired the 250,000-square-foot Emeryville Center for Innovation complex here for $135 million. The deal affords the portfolio company for Blackstone the opportunity to reposition and expand the complex to more than 1 million square feet.
The San Diego-based firm, which now owns approximately 4 million square feet of life science office space in the highly-sought after San Francisco Bay Area, can develop approximately 850,000 square feet of additional laboratory and office space on the campus through an existing development agreement with the City of Emeryville.
