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December 8, 2019
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Swift Real Estate Partners Acquires 253k sf Oakland Office Tower with $93 Mil Loan

6/03/19

Swift Real Estate Partners recently acquired 1333 Broadway, a 253.4k sf, Class A office building in Oakland. The purchase was made with a $93 mil, floating-rate acquisition loan arranged by HFF and funded through an affiliate of Brookfield Asset Management.

1333 Broadway is positioned in the heart of Oakland, immediately adjacent to the 12th Street City Center Bart station, which is only two stops away from San Francisco. The property has convenient access to the Bay Area’s highway system via Highways 980 and 880 and with a Walk Score® of 99, is within walking distance of a multitude of restaurants, beer gardens, cafes, retail shops and entertainment options in Uptown Oakland. Major tenants at the 95% leased office tower include Delta Dental and Teecom.

“Swift is thrilled to purchase such a high-quality building located in the heart of Oakland on top of the City Center Bart station,” said David Copeland, the Director that led the acquisition for Swift Real Estate Partners. “1333 Broadway benefits from a strong tenant base that has invested significantly in their space. This area is undergoing a substantial transformation enhanced by approximately 1,500 new residential units and corresponding ground floor retail under construction within a three-block radius.”

HFF’s Jordan Angel and Mark Root arranged the financing. Jacobus Machalow of Orrick provided legal representation for Swift Real Estate Partners.






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