Brian Hecktman Of Graymark Capital Acquires Life Sciences Property In Emeryville For $26.9M

The property asset involved in the transaction is a life sciences facility located at 1650 65th Street in Emeryville, CA. The property spans 128,000 square feet and was sold for $26,900,000, which equates to approximately $210 per square foot.

Summary of transaction details:

• Property Type: Life Sciences
• Transaction Amount: $26,900,000
• Buyer: Brian Hecktman - Graymark Capital
• Seller: Peter Sullivan - PSAI Realty Partners
• Sale Date: 05/06/2026
• Market: Emeryville, CA
• Square Footage: 128,000
• Price Per Square Foot: $210

An entity tied to Graymark Capital acquired the property from PSAI Realty Partners. This transaction occurred against the backdrop of the collapse of plans for the Atrium Labs biotech campus and a noted downturn in Emeryville's life sciences market, with vacancy rates reaching 45.8% due to declining funding and demand.