{"id":1004351279,"date":"2019-09-10T11:15:51","date_gmt":"2019-09-10T19:15:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004351279"},"modified":"2019-09-10T11:15:51","modified_gmt":"2019-09-10T19:15:51","slug":"california-life-science-asset-sells-for-26m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/","title":{"rendered":"California Life Science Asset Sells for $26M"},"content":{"rendered":"<div id=\"attachment_1004351282\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004351282\" data-attachment-id=\"1004351282\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/think-here\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;10&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1504802449&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;32&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.005&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Think Here\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Think Here. Image courtesy of NKF&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg?w=800\" class=\"wp-image-1004351282 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004351282\" class=\"wp-caption-text\">Think Here. <em>Image courtesy of NKF<\/em><\/p><\/div>\n<p>A joint venture of Singerman Real Estate and HATCHspaces has acquired Think Here, a 160,980-square-foot life science\/R&amp;D office campus in Thousand Oaks, Calif. Harbor Associates sold the property for $26.2 million after three years of ownership, according to public records. Newmark Knight Frank represented both the seller and the buyer in the deal.<\/p>\n<p>Situated at 1525 and 1535 Rancho Conejo Blvd., Think Here is within Conejo Spectrum, a 2.8 million-square-foot office and industrial micro-market. The campus is near the Ventura Freeway and is approximately 7 miles from downtown Thousand Oaks.<\/p>\n<p>Constructed in 1961 and 1982, the R&amp;D office campus encompasses two low-rise buildings spread across more than 14 acres. The campus features controlled access and more than 300 parking spaces. Additionally, the property at 1535 Rancho Conejo Blvd. features 15,000 square feet of laboratory space, according to Yardi Matrix data. Both buildings underwent significant renovations in 2017 and 2018, with upgrades including a new lobby and corridor finishes, outdoor amenities, landscaping and signage and lighting.<\/p>\n<p>NKF\u2019s team that brokered the sale on behalf of the seller included Executive Managing Director Sean Fulp, Managing Director Ryan Plummer, Director Mark Schuessler, Co-Head Kevin Shannon and Senior Managing Directors Rob Hannan, Michael Moll, Scott Schumacher and Laura Stumm. The buyer was represented by NKF\u2019s Senior Managing Directors Jeff Abraham and Patrick DuRoss and Executive Managing Director John DeGrinis. In August, the brokerage firm also arranged the <a href=\"https:\/\/www.commercialsearch.com\/news\/south-bay-mixed-use-asset-sells-for-18m\/\">$18 million sale of a historic mixed-use property<\/a> in Hermosa Beach, Calif.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harbor Associates sold Think Here, a 160,980-square-foot life science\/ R&#038;D campus in Thousand Oaks, Calif. <\/p>\n","protected":false},"author":871,"featured_media":1004351282,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,15],"tags":[42485,42038,39124,43481],"class_list":["post-1004351279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-west","tag-nkf","tag-ryan-plummer","tag-sean-fulp","tag-singerman-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>California Life Science Asset Sells for $26M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California Life Science Asset Sells for $26M\" \/>\n<meta property=\"og:description\" content=\"Harbor Associates sold Think Here, a 160,980-square-foot life science\/ R&amp;D campus in Thousand Oaks, Calif.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-10T19:15:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/\",\"name\":\"California Life Science Asset Sells for $26M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg\",\"datePublished\":\"2019-09-10T19:15:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/california-life-science-asset-sells-for-26m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Think-Here.jpg\",\"width\":800,\"height\":620,\"caption\":\"Think Here. 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