Newly Constructed Research Campus in Emeryville, Now Leasing
Emeryville, CA (September 24, 2018) – Wareham Development announced that it has executed a lease for a portion of its newly constructed 265,000 square foot EmeryStation West laboratory/office/transit project at its EmeryStation research campus in Emeryville.
Profusa, Inc., which will be relocating from South San Francisco, has taken approximately 18,000 SF over a 10-year term. They will occupy half of the 4th floor of the building with a planned move-in late 1Q 2019.
“Profusa is doing exciting work to revolutionize the management and utilization of personalized healthcare data, and is an important addition to our East Shore research cluster. We are delighted to welcome their team to EmeryStation West,” says Wareham Development partner Geoffrey B. Sears.
Profusa is leading the development of a new generation of biointegrated sensors that empowers the individual with the ability to monitor their unique body chemistry in unprecedented ways to transform the management of personal health and disease. It recently raised $45 million in a Series C financing.
“We believe EmeryStation West and Wareham’s EmeryStation campus will be a wonderful cluster in which Profusa will attract the talent we need to help us advance our innovative biosensor platform and our continuing trajectory,” says Ben Hwang, Ph.D., chairman and chief executive officer of Profusa. “We’re eager to start building out our new headquarters.”
Wareham Development was represented by the Kidder Mathews team of Timothy Mason, James Bennett and Eric Bluestein. Profusa was represented by the Cresa team of Frank Palestini and Scott Stone.
Emery Station West is a world-class addition to Wareham’s highly-successful 2-million SF EmeryStation research and tech campus and was designed to meet LEED Gold standards. Seven levels of laboratory and office space sit above a two-story transit and parking podium with bus bays and parking for 125 cars.
The new East Bay/Transbay transit center at street level will serve Amtrak’s Capitol Corridor commuter route from Sacramento to San Jose. Bus bays allow passengers to hop off the train and access last-mile transit options including AC Transit to the new San Francisco Transbay facility, or the free EmeryGoRound shuttle to BART and around Emeryville, or to taxis, limos, car and bike shares.
The construction team, led by Perkins + Will, one of the preeminent firms specializing in the design of laboratories and office for the life science and tech sectors, included Nova Partners, DPR Construction, Rutherford + Chekene, and Interface Engineering.
In its 40th year, Wareham Development is one of the largest privately-held real estate development and property management companies in the Bay Area. It has been in the forefront of the transformation of Emeryville and Berkeley into an international headquarters hub for the research and tech sectors, most of them residing in its EmeryStation and Aquatic Park Center research and tech campuses.
Wareham Development’s mixed-use, multi-tenanted research and tech campuses in Emeryville, Berkeley, Richmond, and Palo Alto offer award-winning architecture, spectacular landscaping, abundant tenant-friendly amenities, and superb property management—all hallmarks of Wareham projects. Wareham tenants encompass the spark and promise of small companies on the verge of growth, and large corporations whose fortunes span the globe.
“We are proud of our associations with all of our tenants, and feel deeply privileged to play a role in their success,” says Sears.
Wareham Development has helped to shape the Bay Area since 1977 with a real estate portfolio encompassing more than 4.5 million square feet of space located in multi-tenant, mixed-use campuses with award-winning architecture, spectacular landscaping, and tenant-friendly amenities. They are committed to the long-term economic and environmental vitality of the communities where they do business, and are dedicated to supporting neighboring school districts and students. www.warehamdevelopment.com.