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1325 40th St. The four-building complex, Bridgecourt, is located at 1325 40th St. and was purchased by Decron.

EMERYVILLE, CA—As Emeryville heats up with retail revitalization, tech headquarters and biotech clusters, investors are taking note. In fact, Los Angeles-based Decron Properties Corp. recently acquired Bridgecourt, a 220-unit multifamily complex with ground-floor retail, in a deal valued at $87.4 million. Built in 1998, the four-building complex is located at 1325 40th St.

The seller was a joint venture between Bascom Group and Carlyle Group. The purchase boosts Decron Properties’ Bay Area portfolio to 650 units. Moran & Company represented both parties in the transaction.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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