River East Center
1515 SE Water Ave, Portland, OR 97214
99,999 sf
Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Tri-Valley GMP (the “Property” or “4696 Willow”), a 42,620 square foot best-in-class cGMP facility located in Pleasanton, the Tri-Valley’s top performing R&D / lab submarket.
Currently 100% leased to Gritstone Bio, the Property benefits from significant improvements with over $325 PSF invested into the current build out - transforming it into the premier market-ready cGMP space in the Bay Area. 4696 Willow is strategically situated in the Tri-Valley / 680 Corridor, which has sustained significant leasing activity from R&D / lab tenants due to its easy access and close proximity to core Bay Area submarkets, robust labor pool and rental rate discount to neighboring East Bay clusters. This burgeoning East Bay submarket has continued to dominate with nearly 300k square feet of flex / lab space absorbed in the last 18 months. Additionally, with Stanford University, UCSF, UC Berkeley and UC Davis all within a 50 mile radius, the Property is located at the forefront of research and venture capital.
Tri-Valley GMP offers the rare opportunity to acquire the premier built out biomanufacturing cGMP space in the Bay Area and capture the increasing demand from R&D and life sciences tenants looking to expand their operational footprint in this centrally located market.