During the third quarter, companies moved
into or expanded their presence in the heart of Oakland by more than 592,000 sf
of office and retail space.
According to a compilation provided by
real estate brokers to the Lake
Merritt/Uptown and Downtown Oakland
community benefit districts, among the significant transactions were:
* Uber, the ride-on-demand giant, purchased the 1945
Broadway building capturing 381,622 sf of prime space for their expansion
purposes.
* Brown
& Toland signed
a 59,514 SF lease at 1221 Broadway for a medical office.
* Sierra Club,
an environmental club, signed a 38,776 sf lease at 2101 Webster.
* Corelogic, a global property information, analytics and
data-enabled services provider,
signed
a 23,842 sf lease at 555 12th Street.
* California
Institute of Regenerative Medicine, a stem cell agency, signed a 17,097 sf lease at 1999 Harrison Street.
* Fluid, a digital shopping software firm, signed a
lease for 16,004 sf at 1611 Telegraph Avenue.
* Union Bank signed a 37,244 sf lease at 1221 Broadway.
* The Punchdown, a natural wine bar and bottle shop, signed a 1,600 sf lease at
1737 Broadway.
* Itani Ramen, a gourmet ramen shop, signed a 2,000 sf lease at 1736
Telegraph Avenue.
* Cape Cowl Comics, a comic store, signed a lease for 1,400 sf at 1601 Clay
Street.
* Left Coast Power
Yoga, a yoga studio, signed a lease at 563 16th
Street for 1,300 sf.
* SPUR, a leading civic planning organization, signed a 6,000 sf
ground floor and 1,500 sf mezzanine lease at 1544 Broadway.
* And two up & coming restaurant/bar concepts, that have yet
to be named, have signed leases at 1915 Broadway for 3,500 sf & 1,600 sf at
1739 Broadway.
“The
creativity with which Oakland businesses have embraced and developed new
business concepts and services has gone beyond anyone’s expectations and is
having a major positive impact on the health of our commercial real estate
market. As this list of leases demonstrates, jobs are growing in our office
towers, within street level retail and off Broadway both north and south,” said
Steve Snider, Lake Merritt/Uptown & Downtown Oakland District Manager.
###
The jointly administered Downtown Oakland
and Lake
Merritt/Uptown District Associations were formed
in February 2009. Property owners in both Downtown Oakland and the Lake
Merritt/Uptown Districts voted by a margin of almost 8 to 1 to support a voluntary
property tax to fund services that would improve the quality of life in their
respective communities. Services funded by these Districts include maintaining
cleanliness and order in the public rights of way, improving district identity and
advocating on behalf of the area’s property owners, business owners and residents.
The Districts are key supporters of “Oakland Central”, a new lifestyle marketing
campaign that employs several platforms and content partners to promote the
heart of Oakland, otherwise known as Downtown Oakland’s Central Business
District.
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