Exelixis leasing Ascentris recently executed a long-term lease at The Waterfront with Exelixis.

ALAMEDA, CA—The Waterfront is a 385,000-square-foot class-A office campus comprised of six buildings on 26 acres within the Harbor Bay Business Park near the Oakland International Airport. It was constructed by SRM for Ascend Communications, later Lucent Technologies, as its corporate campus in the late 1990s.

SRM sold the property in 2006 to BPG Properties Ltd. Denver-based real estate private equity firm, Ascentris, on behalf of a pension fund client, acquired the property in 2012, knowing several large tenants would soon vacate, leaving more than 150,000 square feet of space to lease.

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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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