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6/02/21
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Fivetran Inc, a fast-growing automated data integration company, inked a lease for 80k sf of space in Downtown Oakland. The deal is at 1221 Broadway, a 24-story, 535k sf office building at the intersection of Broadway and 12th St.
The building is owned by TMG Partners and KKR. TMG is undertaking a significant renovation that includes the lobby, elevators, and common areas. In addition, they are adding a fitness center and bike barn at the property.
The building has previously achieved a LEED Platinum rating by the US Green Building Council and features panoramic Oakland skyline and Bay views, onsite retail amenities, and ample parking, as well as bike lockers and showers. With the Fivetran lease, 1221 Broadway is 90% leased with existing tenants, including Clorox, Union Bank, Wells Fargo Bank, and Parsons Brinkerhoff.
“As the leasing markets re-emerge from a year dominated by Covid-19 concerns, the Oakland office market has maintained strong tenant demand from companies both growing their footprint in Oakland and looking to move to Oakland for its strong workforce, plentiful dining and entertainment options, as well as housing options,” said TMG’s Director of Development David Cropper.
TMG and KKR were represented by CBRE’s Scott Greenwood and Trent Holsman. Fivetran was repped by CBRE’s Daniel Bisabri and Raise’s Blake Stanley. Kyla Brennan with Raise will act as Fivetran’s construction Project Manager.
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