6601-6603 Shellmound (Atrium Innovation Center)
6601 Shellmound St, Emeryville, CA, 94608-1021, US
62,898 sf
Jones Lang LaSalle Americas, Inc., (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in Valent Innovation Center (the “Property” or “4600 Norris Canyon”), a best-in-class 96,535 square foot R&D asset in the evolving Bishop Ranch submarket of San Ramon, California. The Property is 100% leased to Valent USA, a wholly-owned subsidiary of Sumitomo Chemical (JCR: A+), for over 15 years serving as their headquarters and sole biosciences lab in the United States. Valent Innovation Center has benefited from approximately $25 million ($260 PSF) of capital investment from the tenant, and now boasts some of the best quality lab space in the Bay Area.
The building resides on a 5.82-acre site adjacent to Bishop Ranch, the most transformative East Bay mega-development in the past decade. The Property is strategically positioned providing Valent with proximity to elite research talent throughout the Bay Area (UC Davis, UC Berkeley, Stanford, etc), and a strong amenity base.
Valent Innovation Center offers investors a rare core, single tenant biosciences opportunity with long-term income stability backed by credible ownership in one of the most up-and-coming submarkets in the Bay Area.