Thor Equities has closed on the purchase of a 48,000 square foot building office park in Berkeley, California for $17.5 million. The New York-based firm paid just under $365 per sqf. for the office and R&D complex. Overlooking San Francisco Bay and the Golden Gate Bridge, the 2.9-acre waterfront parcel is located at 600-630 Bancroft Way. On-site tenants include Bonneville Labs, Lifelong Medical Care, Blue Current, and Lumiphore. āBerkeley is an ideal location for office and R&D space due to its proximity to the University of California and numerous life science companies, along with easy transportation access to the entire Bay Area,ā said Joseph Sitt, CEO of Thor Equities.
