Emeryville, Calif.
The fourth floor of EmeryStation North is being converted by Wareham Development into laboratory facilities where 30,000 sf of the Emeryville building will house flexible lab and office space. Initial construction costs for the facility ranged from $200 to $250 per sf, with an additional $150 to $250 for conversion to lab space. The conversion began in January 2002 and is slated for completion at the end of the summer. Signed future tenants include Oakland-based Thios Pharmaceuticals, leasing 18,000 sf; Proteum Tech, leasing 7,000 sf; and San Francisco’s KineMed, leasing 5,000 sf. Wareham also plans to convert an additional 30,000 sf to lab facilities on the fifth floor of EmeryStation North.
