EverWest Real Estate Partners, in partnership with Miami-based Black Salmon, has entered the Northern California Bay Area office investment market with the purchase of The Offices at Public Market, a Class A office tower located along Interstate 80 in the heart of Emeryville, California.
The Offices at Public Market total 109,242 square feet in eight stories. The building is part of a larger mixed-use development that includes retail, residential and hotel. A large portion of the project's retail space is currently under redevelopment, slated for completion within the next 24 months.
"The mix of location, Class A office space and on-site retail amenities make The Offices at Public Market one of Emeryville's most well-positioned office buildings," said EverWest Managing Director Ryan Madson, who oversees the company's Northern California and Pacific Northwest acquisition activity. "We anticipate that this building's popularity will only continue to improve in an area where demand for Class A space is exceptional, and there is very limited new construction on the horizon."
Situated at 6001 Shellmound Street, The Offices at Public Market offers direct visibility and access to I-80. It is minutes from Interstate 580, Highway 24, the Amtrak Tran Station and two BART stations. It is also approximately eight miles east of downtown San Francisco and five miles north of downtown Oakland.