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Prized Gem, North Loop 3 Offers STEM Tenants Potential Headquarters

Oakland, CA (05/28/2019)

10:00 AM

Newmark Knight Frank (NKF), developer srmErnst, and Hillwood Investment Properties recently teamed up for an open house to showcase one of Alameda's prized new gems: It's a sprawling, state-of-the art, six building R&D/Advanced Manufacturing campus with a prominent location, right at the geographic center of the Bay Area. Located inside Harbor Bay Business Park, the project is nearing completion and will cater to a wide variety of tech, stem and life sciences tenants.

Scheduled for occupancy in the spring of 2020, the business park consists of six, brand new R&D/Advanced Manufacturing buildings, measuring from 23,955-square-feet to 47,910-square-feet. The buildings are on a 12-acre parcel and are available for sale or lease.

Among many of the appealing business advantages of North Loop 3 are: a central Bay Area campus, close to San Francisco, the Peninsula, Oakland & SF International Airports, Port of Oakland and top tier universities; a functional footprint offering heavy power and loading; secure building sites within a well-maintained business park; superior modern construction meeting all codes; high-visibility building to display to customers and employees and low business taxes.

Harbor Bay Business Park also offers excellent freeway access and transportation options, including I-880, the Harbor Bay ferry to San Francisco and South San Francisco, and a business park shuttle to the ferry and Coliseum BART station, which is free to end users.

According to Newmark Knight Frank Executive Managing Director Steve Kapp, who is spearheading all sales and leasing efforts for the campus along with Director Shawn Klein, "I envision a tech, life science or bio company occupying this campus for multiple and logical reasons. The access to a huge employee pool in the East Bay and South Bay is immediately obvious. The developer, srmErnst is positioning this project to appeal to manufacturing & R&D tenants who today are demanding more flexible and conveniently located facilities. Interest has been robust thus far and we've had several discussions with potential tenants."

"When you consider that it takes only 20 minutes on the Alameda Ferry to reach San Francisco, I can't imagine anything more conveniently located for a workforce or an R&D/Advanced Manufacturing company that requires easy access to all cities in the Bay Area," Kapp said.

"The potential tenants we've been talking to require more than the usual manufacturing or warehouse space, they seek flexible, attractive buildings which allow them to build laboratories, advanced manufacturing and development and research facilities and simultaneously accommodate their growing employee base," said Joe Ernst, president at srmErnst.

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

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Statements in this document regarding Newmark Group that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark Group undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark Group's Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

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Deb Bergman
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Newmark Knight Frank
T 303.260.4307