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NORTHERN CALIFORNIA NEWS
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Businesses Signed Leases for 156k sf of Space in Downtown/Uptown Oakland in the Second Quarter of this Year

7/24/15

In the second quarter of this year, businesses with plans to move into Downtown/Uptown Oakland or to expand their existing presence there closed leases totaling more than 156k sf of space. These figures were provided to us by the Downtown Oakland and Lake Merritt/Uptown community benefit districts using data collected from brokers in the region.

A significant number of the new leases signed in the second quarter involved companies making the move across the Bay from San Francisco, continuing an ongoing trend as tenants warm to Oakland’s business climate. Among the significant transactions signed in the second quarter are:

• Otis McAllister, a global food company, signed a 16.9k sf lease at 300 Frank Ogawa – they are moving from San Francisco.

• 21 Tech, a business & technology consultant, signed a 5.1k sf lease at 1330 Broadway – they are moving from San Francisco.

• Women’s Foundation of California, a social change advocate, signed a 5k sf lease at 300 Frank Ogawa – they are moving from San Francisco.

• Huge Inc, a branding company, signed a 6.5k sf lease at 426 17th St – they are moving from San Francisco.

• MM Design Group, a local graphic company, signed a 3.5k sf lease at 1759 Broadway – they are moving from San Francisco.

• Citizen Engagement Lab, a pioneer in using new media and technology to advance meaningful social change, signed a 12.5k sf lease at 1330 Broadway – they are moving from Berkeley.

• Pivot Learning Partners,a nonprofit organization of K-12 education expertsworking with schools, districts and charters to address the biggest challenges they face,signed a lease for 4.3k sf at 500 12th St. – they are moving from San Francisco.

• Net Impact, a community that helps students & professionals create positive social and environmental change, signed a lease at 1333 Broadway for 8k sf.

• California Workers Comp Institute, which improves California’s workers’ compensation system, signed a lease at 1333 Broadway for 6.9k sf.

• NPM Inc, an open source project dedicated to the long-term success of the JavaScript community, signed a lease at 1999 Harrison St for 6.2k sf.

• Redbird Advanced Learning, which offers solutions that help students, educators and parents effectively navigate today’s radically transforming educational landscape, signed a 5.6k sf lease at 1999 Harrison.

• Menke & Associates, the nation’s premier ESOP advisors, signed a 7.1k sf lease a 1 Kaiser Plaza.

• Turnitin, (formerly known as iParadigms), global leader in evaluating and improving student learning focusing on plagiarism prevention softwares, signed a 24.4k sf lease and a 24.5k sf lease at 2101 Webster St.

• Renewable Funding, which provides innovative financing for efficiency and renewable energy contractors, signed a lease for 20.5k sf in the Clorox Building at 1221 Broadway.

“The business climate within the districts continues to attract a diverse mix of office users and retail companies and, even though most of the companies which signed leases in the second quarter won’t move in until later this year, the positive momentum created by the expansion of Oakland’s business community continues to build,” said Steve Snider, Lake Merritt/Uptown & Downtown Oakland District Manager.

The 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.






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