Berkeley WeWork Building Changes HandsBy
2120 University Ave. in Berkeley, Calif.
Berkeley, Calif.—Soma Capital Partners recently announced the sale of 2120 University Ave. in Berkeley to Lionstone Investments. The 50,000-square-foot asset traded for $22.3 million, a record price per square foot for the local market. The transaction was completed in late-December 2016.
The Class A, seven-story office building was originally constructed in 1983 on a 0.2-acre site at the corner of Shattuck and University avenues and is situated a few blocks away from the local BART station. The property is also located near the University of California, in close proximity to the downtown area of the city, and is surrounded by many retailers and restaurants…
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