Fairfield, CA – September 12, 2023 – Wiseman Commercial, Inc. (“Wiseman Commercial”), a distinguished and vertically integrated full-service commercial real estate developer, is delighted to announce its successful acquisition of 220 Campus Lane on September 12, 2023. This property, located in Fairfield, California, comprises a 43,000 square foot Class A commercial office building adjacent to a 3.10-acre parcel of undeveloped land. The former single occupant was the Northern California Laborers Pension Trust Fund, which recently relocated to Pleasanton, CA. The buyer has named the building the “Solano Innovation Center,” and it has become the 11th building in its Class A office portfolio throughout Solano, Napa, and Yolo Counties. This acquisition marks a large milestone in the company’s long-standing commitment to providing attractive commercial offerings in Northern California.
The acquisition, with Wiseman Commercial as the buyer, and Northern California Laborers PTF, LLC, as the seller, aligns with Wiseman Commercial’s vision of creating innovative spaces to meet the evolving needs of businesses and their surrounding communities. The vacant land parcel adjacent to the Solano Innovation Center is designated by the City of Fairfield for a future residential project, and Wiseman Commercial sees that as a wonderful addition for the local community. “We think this is a great location for a multi-family project in the future, given the regional housing shortage,” said Adam Goodrich, Director of Development and Construction at Wiseman Commercial. “It’s got all the elements around it—a college campus, a Class A Office building, amenities, close access to I-80, centrally located between San Francisco and Sacramento, and minutes from Napa and Walnut Creek,” Goodrich said.
The Solano Innovation Center is strategically poised to cater to the demands of forward-thinking industries, with a primary focus on attracting companies specializing in DefenseTech, BioTech/HealthTech, AgTech, and Food Manufacturing and Logistics. This investment reflects the growing demand for high-quality commercial spaces in Solano County and the broader Northern California region.
Zen Hunter-Ishikawa, Chief Business Development Officer at Wiseman Commercial, expressed excitement about the acquisition’s potential. “There has been significant interest in this property by companies and non-profit community organizations of all sizes, mostly seeking a large footprint in Solano County,” said Hunter-Ishikawa. “Several tours took place during the due diligence phase prior to closing. We are in discussions with multiple parties interested in making Solano Innovation Center a corporate headquarters. It’s kind of the opposite of what you see reported in the news in recent years about the demise of the office market. It could be that we’re just getting those moving out of core cities as we’ve been predicting, or that we’ve attracted so much interest and market demand as a reaction to Wiseman Commercial’s reputation for excellent product and services—either way we are here to serve the community,” he said. In July, Wiseman Commercial celebrated its 47th year in business.
Additionally, NorCal Venture Forum (www.norcalventureforum.org), a non-profit organization dedicated to fostering innovation and entrepreneurship, has expressed interest in establishing a regional tech incubator within the Solano Innovation Center. This potential partnership aligns with Wiseman Commercial’s commitment to supporting innovative ventures and fostering collaboration within the local business ecosystem.
Wiseman Commercial, formerly The Wiseman Company, has a rich history dating back to 1976, providing Northern California with top-tier services in Class A construction, property management, brokerage, and asset management. The acquisition of the Solano Innovation Center further solidifies the company’s dedication to delivering exceptional commercial real estate solutions.
Wiseman Commercial will serve as Solano Innovation Center’s professional Property Manager. For more information about the Solano Innovation Center and Wiseman Commercial, Inc., please visit www.wisemanco.com or contact Zen Hunter-Ishikawa about leasing opportunities at email@example.com.
About Wiseman Commercial:
Wiseman Commercial is a vertically integrated full-service commercial real estate developer that has been serving Northern California since 1976. The company specializes in providing Class A construction, property management, brokerage, and asset management services, with a commitment to creating innovative and sustainable spaces.