Featured Partner: Paceline Investors — Harbor Bay Alameda Portfolio (Alameda, CA)
Paceline Investors has built one of the Bay Area's most notable life science conversion stories in Alameda’s Harbor Bay Business Park. The portfolio was aggregated through 8 separate off-market transactions between December 2019 and June 2022, assembling 11 buildings plus Café Jolie Petit, totaling approximately 691,000 square feet of advanced manufacturing, HQ office, and multi-tenant lab/life science space.
The portfolio is now 93% leased, with a weighted average lease term (WALT) of 10+ years. Paceline converted approximately 400,000 square feet to life science/laboratory use and expanded HQ office space for a credit anchor tenant, executing leases totaling roughly 575,000 square feet across the portfolio.
The transformation was recognized with the SF Bay Area NAIOP 2025 Financing of the Year award.
Learn more on Paceline Investors' website.
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