July 24, 2026 12:00 PM
Newmark announces the Company has arranged the sale of EmeryTech, a premier creative office campus at 1400 65th Street in Emeryville, California. Executive Vice Chairman and President, Western Region Capital Markets Steve Golubchik, Vice Chairman Edmund Najera, Senior Managing Director Darren Hollak represented buyer Cannae Partners in the transaction.
Comprising 234,016 square feet, EmeryTech stands as one of the East Bay's most distinctive creative offices, featuring 28-foot ceilings, expansive natural light and flexible open floorplates. Benefitting from more than $37.9 million in recent capital improvements, the asset is a highly upgraded workspace with a robust amenity package, including a fitness center, rock-climbing gym, outdoor courtyards and bike facilities. Newmark also represented the undisclosed seller.
"EmeryTech checked every box investors are looking for in the East Bay: institutional-quality construction, significant recent capital investment, durable cash flow and a location at the center of the region's innovation economy," said Golubchik. "As office fundamentals continue to stabilize, opportunities to acquire a truly differentiated creative campus at a basis well below replacement cost are increasingly difficult to find. Cannae recognized that value and moved decisively."
Located in the heart of Emeryville, EmeryTech offers immediate access to the East Bay, San Francisco and Marin County, while sitting amid a dense collection of retail, dining and life science properties. The campus is also positioned near major employers and research institutions throughout the broader innovation ecosystem that has long-defined Emeryville and Berkeley. The property is currently 66.9% leased and anchored by Premier Nutrition, which recently executed a long-term, 10-year lease.
"It is incredibly rare to find a building that combines top-tier advanced manufacturing attributes - like outstanding clear heights, dual power feeds, and heavy floor loads - with a build-out as one of the premier creative office assets in the region, comparable to anything in Palo Alto or San Francisco," said Bob Basso, Principal at Cannae Partners. "The dearth of quality space across the Bay Area is already driving active tenant interest, and we look forward to aggressively working with the market to fully stabilize the project."
According to Newmark Research, tenants across the East Bay are increasingly gravitating toward high-quality space with existing buildouts. While office vacancy remains elevated, the market is undergoing a pricing reset that is creating new acquisition opportunities for well-capitalized buyers.
"The response from the investment community underscored the continued demand for best-in-class office product," added Hollak. "When a property combines strong tenancy, long-term income, extensive amenities and authentic creative character, capital shows up. EmeryTech attracted interest from a deep pool of institutional and private investors seeking exactly that profile."
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
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