A 12-acre life sciences campus located at 5555 Hollis Street, 5300 Chiron Way, 4563 Horton Street & 1400 53rd Street in Emeryville has been sold for $450 million, translating to $615 per square foot. The campus encompasses a total area of 731,707 square feet, contributing significantly to the local market value.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $450,000,000
• Buyer: Warner Thomas - Sutter Health
• Seller: Timothy Schoen - BioMed Realty
• Buyer's Representative: Mike Taquino & Kyle Kovac - CBRE San Francisco Capital Markets Team
• Market: Emeryville
• Acres: 12
• Price per Square Foot: $615
• Total Square Footage: 731,707

Sutter Health aims to develop a $1 billion, 1.3 million square foot hospital and medical center on this site. The project is scheduled to be opened in phases beginning in 2028 and will offer a 335,000 square foot hospital featuring up to 200 beds and 530,000 square feet dedicated to outpatient services, signifying a substantial expansion into the East Bay.