Largest Multi-Tenant Industrial Project in Union City Achieves 85% Occupancy
UNION CITY, CALIF. – Jan. 9, 2013 – Harsch Investment Properties, a privately-held real estate investment, development and management company, signed mOasis Inc., manufacturer of BountiGel™ hydrogel, to occupy 11,000 square feet of space at Dowe Business Park. Dowe Business Park, the largest multi-tenant industrial project in Union City, Calif., now has an 85 percent occupancy rate.
“This is a great time for real estate activity in the East Bay, and our properties here are seeing steady growth. We are always happy to work with new and rapidly expanding companies, like mOasis, and to provide them with the quality space options they need,” said Don Little, senior vice president for Harsch Investment Properties in the Bay Area and head of development in three states. “Dowe Business Park is an ideal property for virtually any business, offering office, flex, R&D and industrial space options. Harsch prides itself on being a professional long term owner with accommodating service, and we look forward to our continuing relationship with mOasis.”
Harsch Investment Properties was represented by Joe Yamin and Sean Sabarese of Colliers International in the deal.
Founded at Stanford University in 2010, mOasis Inc. produces an innovative polymer hydrogel that optimizes moisture and nutrient accessibility, and maximizes crop yields in irrigated agriculture. mOasis Inc. was represented by Rick Keely and Aileen Dolby of Colliers International in leasing at Dowe Busines Park.
“We’ve had the fortunate problem of outgrowing our lab space at Stanford a year ago, and in Mountain View most recently, and we are thrilled to find a new home at Dowe Business Park,” said Susanna Kass, CEO and president of mOasis Inc. “Working seamlessly with Harsch Investment Properties, we now have a work space that offers both office and production space, as well as a lab. Dowe’s location is convenient for our East and South Bay-based employees and we look forward to the expansion and growth that the property will allow us.”
Totaling 354,000 square feet, Dowe Business Park offers flexible space options to suit the needs of various types of businesses. The campus is beautifully landscaped with rolling lawns, mature trees and outdoor eating areas and is easily accessible from the I-880 freeway. The property is also in close proximity to both the San Mateo and Dumbarton bridges and boasts amenities such as on-site property management.
About Harsch Investment Properties
Harsch Investment Properties is a privately held real estate company that acquires, manages and develops properties for its own portfolio. Founded in 1950, the company owns and operates 20 million square feet of office, multi-tenant industrial, multi-family and retail properties in five western states. Headquartered in Portland, Oregon, Harsch has regional offices in Portland, Seattle, the San Francisco Bay Area, Sacramento, Las Vegas, and San Diego. More information can be found by going to http://www.harsch.com.