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2/07/20
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Vertical Ventures, out of Walnut Creek, has purchased the Wakefield Building, an eight-story, 56.7k sf building in the Uptown neighborhood of downtown Oakland. The historic building is located at 426 17th St, at the corner with Broadway.
The building is home to emerging technology companies as well as non-profits including First Place for Youth. The property is only steps from the entrance to the 19th Street BART Station and a short walk to numerous bars, cafes, restaurants, shops, and music venues which are the hallmark of the resurgent Uptown Oakland neighborhood. It has been awarded LEED Gold status.
The building was sold by San Francisco-based The Swig Company and STARS Real Estate Investments, a Chilean-based real estate investor, who are also partners in the ownership of 945 Bryant St in San Francisco. The price was not disclosed.
Seth Siegel, Ryan Venezia and Ryan Hattersley of Cushman & Wakefield represented the buyer. Tony Ratner, Esq. and Jonah Trotz, Esq. of the law firm Farella Braun + Martel represented the sellers in the transaction.
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